With the 2026 standard deduction soaring to $32,200 for joint filers and SALT cap changes, should you still itemize? We break ...

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 ...

HUNTSVILLE, Ala. (WAFF) - The One Big Beautiful Bill Act will impact the way you pay taxes this year, especially if you plan to use itemized deductions. Financial expert Jay McGowan from the Welch ...

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

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 ...

Here's what to know about a tax credit vs. deduction, including how each works and how they can reduce your tax bill and improve your tax refund amount.

Understanding whether there is a limit on itemized deductions can significantly impact financial planning and tax liabilities. TRAVERSE CITY, MI, UNITED STATES ...

Answer: Sales tax was a deduction until the 1986 Tax Reform Act “simplified” the tax system. The 2004 Jumpstart Our Business ...

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.

Here's a look at some of the most commonly assumed tax breaks that either no longer exist or simply don't work the way people expect any more.

The 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of ...