Every tax season, Americans must make a decision that can directly affect how much of their income remains untouched by the IRS. For many, the choice appears straightforward, but understanding the ...

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 ...

Most Americans may be better off waiting until 2026 to donate cash to their favoriite charities due to tax law changes.

Several changes are favorable for broad participation, while others trim deductions for higher-income households. Planning ...

For a long time, the standard deduction has been a straightforward option for many U.S. taxpayers. It allows most filers to reduce their taxable income without needing to itemize deductions. The ...

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. The season of giving is upon us. While many use December as an opportunity to ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

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

The tax-and-spending bill includes several provisions that could have significant effects on your tax refunds come April – ...