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

Here’s what’s new for the 2025 tax returns, even if nothing changed, there are several changes to various deductions for filing a return.

Carl Carlson, founder and CEO of Carlson Financial, looks at the difference between standard and itemized deductions on your ...

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could ...

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 ...

To qualify for this tax credit, the child must: Be your son, daughter, stepchild, eligible foster child, brother, sister, ...

The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...

Wondering what tax relief you qualify for? Learn about IRS tax relief programs, credits, deductions and payment options based ...