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 made significant changes in the tax benefits of charitable giving, increasing tax benefits for ...

About 144 million Americans might qualify for the 2026 universal charity deduction, while high earners face new IRS limits. Here's what to know.

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions or standard — a flat rate.

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 ...

When it comes to filing your 2025 taxes, financial experts suggest starting early and doing more research because there are a ...

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 ...

The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and ...

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

Tax filers who earn tips or overtime pay can claim new deductions on their 2025 federal income tax returns under temporary ...

Learn about deductible credit card fees for businesses and why individuals cannot claim them. Explore finance charges and tax-related processing fees eligibility.

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.