Most people go with standard deduction when filing income tax returns, but depending on ax situation, you may want to itemize deductions.

The most significant reason charitable donations no longer reduce tax bills for many households comes down to one number: the standard deduction. The Tax Cuts and Jobs Act of 2017 nearly doubled the ...

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

As part of the provisions in President Donald Trump’s tax and spending package, passed last year, everyday donors may see tax gains, while those who itemize, especially high earners, face stricter ...

Run the numbers: For 2025, the standard deduction is $31,500 for married couples and $15,750 for singles. If your total ...

Paying off a mortgage stands as one of the most significant financial milestones in a person's life. S.households owned their ...

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax ...

There are new ways to receive tax deductions for the 2026 filing season. Here’s what SC taxpayers should know.

New six-month coaching program guides busy professionals through acquiring semi-automated short-term rentals designed ...

For seniors, the new tax deduction is an additional $6,000 if you're single and $12,000 if you're married and filing jointly.

There are four new federal tax deductions to know ahead of tax season in the United States.