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.
Most people go with standard deduction when filing income tax returns, but depending on ax situation, you may want to itemize deductions.
About 144 million Americans might qualify for the 2026 universal charity deduction, while high earners face new IRS limits. Here's what to know.
It's a decision that every taxpayer is faced with when choosing how to claim deductions on their federal tax return: Do you take the standard or do you itemize? Making the right choice could mean more ...
A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.
Here's how to use your donations to save on taxes ...
Certain newly introduced tax deductions that could significantly lower what Mississippians owe, according to tax experts.
Idaho taxpayers using the standard deduction can file returns now after a brief delay due to tax law updates, but those with ...