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.

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 ...

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

If you've been paying for health insurance premiums and want to know whether those payments are tax deductible, you're in the ...

We break down the definitions and eligibility rules for the five IRS filing statuses to help you maximize your refund this tax season.

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

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

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

A bill by Sen. David Suetterlein to make permanent the current standard deduction was continued on to the 2027 session by the Senate Finance and Appropriations Committee Tuesday. The state Senate ...

What is the standard deduction? Most taxpayers claim the standard deduction, a fixed amount you can deduct to reduce your taxable income and lower your federal tax bill. Unlike itemized deductions, ...