If you’re retired and filing taxes, these tax credits and deductions could provide thousands in relief (if you qualify).
Trump’s 2025 tax law offers four major deductions, but missteps on AGI impact, paperwork, eligibility, and withholding can ...
Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...
The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
Both the tax brackets and the standard deduction for the 2026 tax year, which is filed in 2027, have increased to reflect ...
Both the standard deduction and itemized deductions reduce the amount of tax you pay in a given year. So which is better? Should you itemize or should you keep things simple and take the standard ...
The Internal Revenue Service is taking steps to make sure taxpayers and tax preparers can reflect OBBBA changes in 2025 tax returns.
A federal appeals court in Manhattan on Thursday appeared skeptical of arguments by four Democratic-leaning U.S. states to overturn Republican President Donald Trump's decision to cap federal ...