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

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 ...

For the 2026 tax season, knowing the standard deduction is vital, as it reduces taxable income without itemizing, offering taxpayers a simpler path to lowering their taxes efficien ...

When tax season rolls around, deductions and credits can make a real difference in how much you owe -- or how much you get ...

Comprehensive guide to U.S. itemized deductions for 2026, covering Schedule A, SALT limits, medical expenses, interest, charity, and 1040-NR ...

If you've been paying for health insurance premiums and want to know whether those payments are tax deductible, you're in the ...

Tax filing season opens Jan. 26, the day the Internal Revenue Service begins accepting tax returns.

To qualify for this tax credit, the child must: Be your son, daughter, stepchild, eligible foster child, brother, sister, ...

Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.

The One Big Beautiful Bill included sweeping tax law changes. Here are several key changes individual taxpayers need to know in 2026.

As a taxpayer, you pay tax as a percentage of your income in layers called tax brackets, according to the IRS.