Comprehensive guide to U.S. itemized deductions for 2026, covering Schedule A, SALT limits, medical expenses, interest, charity, and 1040-NR ...

If you’re a homeowner preparing to file your taxes, you’ve probably asked yourself: Should I take the standard deduction or itemize? The answer could make a big difference in how much you save—and it ...

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, which had narrowly passed through the United States Congress. The OBBBA makes permanent certain tax provisions ...

The 2017 Tax Cuts and Jobs Act (TCJA) took major steps towards reducing the scale of itemization in the individual income tax by raising the standard deduction and limiting certain deductions. At the ...

Question: Is it worth going through the effort of adding up all my out-of-pocket medical expenses, charitable contributions and other items or should I just take the standard deduction for 2024?

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership. Common tax breaks available to homeowners include a mortgage interest ...

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 ...

Discover bunching deductions, a tax planning strategy that can help reduce tax liability. Learn the essentials for effective ...

President Donald Trump's signature tax package, the One Big Beautiful Bill Act, is quietly reshaping how Americans give to charity by reopening the door to deductions for people who do not itemize.