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

If you are in the process of filing 2025 state and federal income tax returns, you may be stumped by the decision to either file using standard deduction or spend the extra time and effort needed to ...

A bigger standard deduction, changes in the itemizing rules and new temporary deductions all complicate the decision. Here’s how to choose the option that’s best for you. When it comes to federal ...

To be clear, the 2026 standard deduction applies to income you earn in 2026 but is for the tax return you'll file in 2027. The 2025 standard deduction applies to the federal income tax return you'll ...

Many retirees think that once they take the standard deduction, they can't claim any other tax breaks. That's not true, and believing it could cost them thousands of dollars each year, especially amid ...

The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. Each ...

Taking deductions when filing your taxes can reduce the amount you owe. But there are two different ways to claim deductions, and the one you choose can impact how much you save. The far more common ...

Tax deductions reduce your taxable income to help lower your overall tax bill. While most people claim the standard deduction, there are dozens of lesser-known opportunities that could help you keep ...