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

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 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of ...

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

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

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 ...

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

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

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.

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

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...

Tax season begins Jan. 26, 2026 with some changes as a result of President Trump's so-called "One, Big Beautiful Bill." Among ...