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

When tax season rolls around, deductions and credits can make a real difference in how much you owe -- or how much you get ...

As a taxpayer, you pay tax as a percentage of your income in layers called tax brackets, according to the IRS.

Each spring, millions of taxpayers face a deceptively simple question — take the standard deduction or itemize? For those not versed in the lingo of taxes, the distinction can be confusing. But ...

Some deductions remain every year, but others change or disappear and new ones crop up. Learn about the best tax deductions ...

For Americans 65 and older, the 2025 and 2026 tax years are unusually generous. A new senior-focused deduction stacks on top ...

On Tuesday, the Internal Revenue Service announced its annual inflation adjustments for 2025, including updates to the federal income tax brackets and standard deduction. The standard deduction — ...

As Treasury Secretary Scott Bessent announced last year, taxpayers will receive “very large refunds,” in his own words, ...