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

Now that your 2025 tax return has been filed — hopefully so, anyway — it’s possible you’d rather think of almost anything ...

In light of the recent GOP tax bill being signed into law by President Trump, many may wonder: What is the new standard deduction? The reconciliation bill, dubbed the "big beautiful bill" (BBB), ...

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 — ...

The IRS has announced the annual inflation adjustments for the year 2026, including tax rate schedules, tax tables and cost-of-living adjustments. These are the official numbers for the tax year ...

Taxpayers should prepare for major tax-policy shifts this year. Forbes’ expert contributors explain how — and when — key rule changes may affect you. With so many rule changes taking effect at once, a ...

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 ...