The AOTC is $2,500 per eligible student, with a refundable portion of up to $1,000. Choose Wisely Between Taking The Standard Deduction or Itemizing Tax deductions are subtracted from your income to ...

As the famous saying goes, there are only two certainties in life: death and taxes. And every taxpayer should be aware of major changes to the tax code for the 2026 tax year. These include the tax ...

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.

The IRS recently announced some changes to standard deductions and tax brackets. It's important to understand the new tax rules so you don't pay more to the IRS than you need to. In the U.S., ...

The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. The ...

Your charitable donations just became more valuable thanks to new federal tax breaks. Trump's legislation provides permanent deductions for all taxpayers and special credits for scholarship supporters ...

WASHINGTON — The Internal Revenue Service announced this week that Americans will see modest increases in standard deductions and tax bracket thresholds for 2026, part of the agency's annual inflation ...

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 ...

The IRS announced that the tax brackets for the 2026 tax year increased by about 2.3% to keep up with inflation and ensure that Americans pay the same proportion of taxes. The "One Big, Beautiful Bill ...

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...