You can deduct up to $500 for money given to charity.
after deducting taxes, what's left is your net pay for the week
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This, as well as the tax cuts, allows high-income earners to deduct more taxes and keep more income.—Terina Allen, Forbes.com, 4 July 2025 The no-tax-on-overtime provision would allow individuals to deduct up to $12,500 of overtime pay from their taxable income for tax years 2025 through 2028, while couples filing jointly could deduct up to $25,000.—Aliss Higham, MSNBC Newsweek, 2 July 2025 Right now, taxpayers can deduct up to $10,000 in state and local taxes from their federal income tax bill.—Matthew Adams, Fort Worth Star-Telegram, 2 July 2025 The federal plan includes many of Trump's priorities, such as extending the 2017 tax cuts, allowing workers to deduct tips from their taxes and funding immigration enforcement at nearly five times the current level.—Stacey Barchenger, AZCentral.com, 1 July 2025 See All Example Sentences for deduct
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