If you’re retired and filing taxes, these tax credits and deductions could provide thousands in relief (if you qualify).

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 ...

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

Trump’s One, Big Beautiful Bill Act (OBBBA) revamps the U.S. tax code with major deductions. Read about the SALT cap hike, ...

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...

The IRS finalized 2026 brackets and standard deductions—shifting thresholds upward under the One Big Beautiful Bill and ...

TAMPA, Fla. (WFLA) — The Internal Revenue Service has announced new tax inflation adjustments for the 2026 tax year. Thursday, the IRS posted several notable changes, including those from the ...

Now that the 2025 federal tax bill has been signed into law, it’s appropriate to revisit one of its most news-making elements: the federal deduction for state and local taxes (SALT). The new SALT ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

It is December 1. You have a high salary but not much in the way of wealth. Let’s assume a state where you get itemized deductions and use a 40% marginal rate to make the math easy. You pay $10,000 ...