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.

Australians are being warned not to fall for “too good to be true” tax claims after a Perth man was hit with a $63,000 ...

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

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.

An Idaho committee voted to advance a bill to adopt nearly all of the tax cuts in the federal “Big Beautiful Bill," amid ...

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's what you need to know.

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 new, temporary senior deduction gives taxpayers 65 and older who fall within income limits the opportunity to deduct up ...

Tax season 2026 brings new and updated federal income tax credits and deductions. Here's how you can take advantage of each.

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 ...

I get deluged by questions at tax time, but the most common are about deductions. As in: “Can I deduct the cost of the suit or dress I have to buy for work, or my commuting costs, on my tax return?” ...

The new tax regime has steadily gained ground since 2020, becoming more attractive with lower rates and zero tax up to Rs 12 lakh.