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

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

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

CINCINNATI (WKRC) - In a bill recently introduced to the Ohio General Assembly, a state lawmaker wants Ohioans to be able to ...

Courtney Johnston is a senior editor leading the CNET Money team. Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy ...

To claim these tax breaks, though, you'll need to itemize your deductions. If your itemized deductions add up to less than the standard deduction, it probably doesn't make sense to claim these tax ...

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 just set the levels of its income-tax brackets and a commonly used deduction that Americans will have for their 2025 taxes. Take a long look at the numbers.

Tax brackets are progressive; higher income equals higher tax rate. Tax deductions lower taxable income, credits reduce tax owed directly. Understanding effective tax rate helps gauge actual tax ...

The new tax regime with reduced, concessional rates helped empower the middle class and offers a rebate for a total income up to ₹7,00,000 and a standard deduction of ₹75,000, said Sandeep ...

For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 — up $400 from 2024. For couples who file jointly, that standard ...

The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024 — the smallest jump in several years. The IRS each ...