Donating to charity not only benefits those in need, but it can also give you a tax deduction. Charitable Contributions use to only be allowed if you itemized; however, starting with tax year 2026, single filers that take the standard deduction can deduct up to $1,000 ($2,000 for joint filers) of cash contributions to qualified organizations.

The One Big Beautiful Bill Act makes it so that you can deduct up to $10,000 of qualified car loan interest per year!

Are you a server, hair stylist, or other service provider that receives tips? Good news, the One Big Beautiful Bill Act allows you to deduct up to $25,000 in qualified tip income!

Under the One Big Beautiful Bill Act, when you file your tax return, you can deduct up to $12,500 for single filers, or $25,000 for joint filers for overtime wages paid in a year.