The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

Many people will be thrilled to see larger-than-usual federal income tax refunds — some may end up $500 to $1,000 bigger than a year ago — thanks to several new changes in the tax rules, including ...

Annual income of up to Rs 12 lakh: The new regime results in zero tax because of the interplay between rebate and standard ...

Rising medical costs mean that a single hospital stay can disturb a family budget, even when a policy shows a large sum ...

You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

Will Union Finance Minister Nirmala Sitharaman give the middle class a bigger zero tax window or will the government hold ...

A point is prepaid interest; so buying points is paying part of your mortgage interest upfront instead of over the life of ...

The IRS mileage reimbursement rate allows eligible taxpayers to deduct vehicle use for qualifying purposes. Learn which trips ...

The 2026 tax filing season officially kicked off this week, with several new changes to tax law as provisions of the One Big ...

Nirmala Sitharaman is set to present the Union Budget on 1 February, Sunday. Does she have anything in her purse for the ...

The mileage tax deduction can lower your tax bill if you qualify. Learn who’s eligible, which method saves more and how to ...