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

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 ...

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

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

Many people will be thrilled to see larger-than-usual federal income tax refunds — some may end up $500 to $1,000 bigger than ...

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.

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

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

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 ...

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

The 2026 tax filing season is underway, and major changes approved by Congress last year could mean larger refunds for many ...