The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.
Most people go with standard deduction when filing income tax returns, but depending on ax situation, you may want to itemize deductions.
Here's the thing. The new senior deduction introduced in the One Big Beautiful Bill Act allows those 65 and older to claim an ...
The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and ...
Retirees will see a nice change to their returns this year.
Everyone knows the deadline for filing their income taxes is April 15th. But not everyone has to file. People whose adjusted gross income is less than the standard deduction are exempt from filing in ...
There are new ways to receive tax deductions for the 2026 filing season. Here's what SC taxpayers should know.
President Donald Trump’s One Big Beautiful Bill Act, which was recently signed into law, offers Americans a number of tax benefits. It makes many of the changes from the Tax Cuts and Jobs Act (TCJA) ...
Beginning in 2026, tax filers who claim the standard deduction may be allowed to take a new above-the-line deduction for cash contributions to qualifying charities. You will not need to itemize ...