Here's what you can deduct if you aren't itemizing, along with tax brackets, senior deductions including the phaseout ramp, ...

Taken together with the inflation measure the IRS uses, the agency says that—on average—the inflation-adjusted tax numbers ...

For tax year 2026, the standard deduction will be $32,200 for married couples filing jointly. For single taxpayers and married individuals filing separately, the standard deduction rises to $16,100 ...

Older taxpayers now have access to some of the most generous standard deduction rules on record, and the stakes are high for ...

If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

Social Security numbers (SSNs) must be shown on the return for each child for whom the credit is being claimed, but also, new ...

The tax-and-spending bill includes several provisions that could have significant effects on your tax refunds come April – ...

Each spring, millions of taxpayers face a deceptively simple question — take the standard deduction or itemize? For those not versed in the lingo of taxes, the distinction can be confusing. But ...

There's a higher SALT cap of $40,000 on property taxes, a higher child tax credit, new deductions for elderly residents, no ...