COLUMBUS, Ohio (WCMH) — A bipartisan Ohio bill would allow residents to deduct donation to churches from their taxable income, a move proponents said would encourage charitable giving. House Bill 444, ...
How much tax you owe depends on your income. However, the federal government, through the Internal Revenue Service, allows you to claim deductions that reduce your taxable income and the amount of tax ...
The $12,000 deduction introduced by the 'One Big Beautiful Bill Act' (OBBBA) is a temporary measure designed to provide financial relief to older adults. Specifically, it offers a maximum deduction of ...
You’ve probably heard about the standard deduction, but did you know that the tax code offers a perk in the form of an extra standard deduction for people aged 65 or older? For eligible older adult ...
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