The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...
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 ...
Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.
It’s nearly the end of the year, the traditional time for giving but before opening your wallet, you should know how tax rules are changing so you can maximize your gifts. Charitable tax deductions ...
The charitable donation tax deduction lets you write off qualified gifts to nonprofit organizations, but there are rules to ...