The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

The One Big Beautiful Bill Act raises the SALT deduction cap to $40,000 for 2025, potentially prompting more taxpayers—especially in high-tax states—to itemize and increase their tax savings.

Many taxpayers will itemize deductions again on their 2025 federal tax return due to changes affecting the SALT deduction (State and Local Tax deduction). In this clip, we explain why ...

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

Some of the temporary tax breaks come with income limits. Planning may be needed to optimize your deductions.

Tax deductions help keep more money in your pocket, and when it's time to file your return, there are typically two ways to take them the standard deduction, *** single fixed amount, or itemize all of ...

Knowing what credits or deductions are available this year could be the difference between dominating and dreading the process.

Doing taxes isn’t exactly easy, and “tax deduction” brings to mind piles of receipts and complicated calculations, just to save a few bucks. Here’s the good news: You don’t need to itemize deductions ...

With most of your tax documents likely in hand, it’s time to think about when to file your 2025 return. This year more than most it makes sense to explore filing as soon as possible, as refunds ...