The IRS announced updated inflation adjustments for the 2026 tax year, including new federal tax brackets and higher standard ...

For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

For tax year 2026, the standard deduction will be $32,200 for married couples filing jointly. For single taxpayers and ...

The new "Trump tax bill," as the BBB is also called, raises each of the 2025 standard deduction amounts from anywhere between ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

For a long time, the standard deduction has been a straightforward option for many U.S. taxpayers. It allows most filers to reduce their taxable income without needing to itemize deductions. The ...

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 ...

Benefits recipients could save $6,000 in federal taxes on their monthly payments. Here’s who is eligible to claim the ...

There's a higher SALT cap of $40,000 on property taxes, a higher child tax credit, new deductions for elderly residents, no ...