The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and ...

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.

Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard deduction. You can only pick one, but at least you can select the option ...

The Internal Revenue Service has announced new tax inflation rates, standard deductions and new federal income tax brackets for 2026 — and the adjustments may surprise you. While the tax rate ...

The One Big Beautiful Bill Act allows taxpayers aged 65 and older to claim an additional $6,000 deduction without having to itemize their deductions. This deduction, which will tak ...

Benjamin Franklin famously quipped that there’s nothing certain in life other than death and taxes. Any changes to the latter pique the interest of most Americans. As it does annually, the IRS ...

The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. We’re ...

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