With the 2026 standard deduction soaring to $32,200 for joint filers and SALT cap changes, should you still itemize? We break ...

For the 2026 tax season, knowing the standard deduction is vital, as it reduces taxable income without itemizing, offering taxpayers a simpler path to lowering their taxes efficien ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

When tax season rolls around, deductions and credits can make a real difference in how much you owe -- or how much you get ...

Each spring, millions of taxpayers face a deceptively simple question — take the standard deduction or itemize? For those not versed in the lingo of taxes, the distinction can be confusing. But ...

Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.

Some deductions remain every year, but others change or disappear and new ones crop up. Learn about the best tax deductions ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

A tax deduction is a provision in the tax code that reduces a person’s taxable income, or the amount of income used to calculate how much tax they owe. Taxpayers can choose to receive a standard tax ...

American taxpayers aged 65 and older will receive a new $6,000 bonus tax deduction next year as part of President Donald Trump’s One Big Beautiful Bill Act. The temporary deduction comes alongside ...