Here’s what you need to know about the differences between tax deductions and tax credits and how they can help you reduce ...

The sweeping legislation made some changes permanent—like corporate tax cuts—but others are set to expire at the end of 2025.

Although paying taxes is a fact of life, the IRS offers taxpayers the ability to reduce what they owe via various tax deductions and tax credits. But it’s not as simple as it sounds. Before you ...

Calculating the home office deduction using the standard method involves completing IRS Form 8829 to calculate the amount of ...

In 2025, Congress will need to decide whether to extend the higher standard deduction, which has been in place since 2018.

The Internal Revenue Service (IRS) on Tuesday announced its inflation adjustments to tax brackets and deductions for the 2025 tax year, potentially giving Americans a chance to increase their ...

The IRS on Tuesday announced new inflation-adjusted tax brackets for the coming year, setting the standard deduction for a single filer at $15,000 and for a married couple at $30,000 for the first ...

For 2025 tax returns, the standard deduction will increase by $400 from 2024 for single taxpayers and some who are married ...

Here are three sometimes overlooked tax moves you may want to consider. One relatively simple but sometimes overlooked way to ...

The Internal Revenue Service has announced its annual inflation adjustments for tax year 2025, including the new standard deductions and marginal tax rates. The new numbers are contained in ...

The IRS released the 2025 standard deduction amounts you’ll use for your 2025 tax return. T hese amounts for each filing status are adjusted for inflation every year. So, the standard deduction ...

The Internal Revenue Service on Tuesday announced the annual inflation adjustments for standard deductions, marginal tax rates, earned income tax credits, adoption credits and more for 2025.