Tax deductions can lower the amount of income that is subject to tax. Here's more on how tax deductions work, plus 25 tax breaks that might come in handy.

Charitable tax deductions are about to see the biggest changes in nearly a decade in 2026 thanks to President Donald Trump ’s ...

Standard tax deductions are increasing across the board, but the news is even better for those 65 years and older.

Both the tax brackets and the standard deduction for the 2026 tax year, which is filed in 2027, have increased to reflect ...

The IRS says the standard deduction and earned income tax credit are each going up slightly in 2026 for most taxpayers.

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts ...