The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

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

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

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 impact your tax return this season.

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

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

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 2026 tax season kicks off this week as the Internal Revenue Service begins accepting the first of what is expected to be ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

The bonus reduction will add $670 to the after-tax income of seniors on average.