The IRS has updated standard deduction amounts for 2026 to reflect inflation and recent law changes, helping taxpayers avoid ...
The One Big Beautiful Bill Act is making several major impacts on 2026 tax returns. Here are six notable changes that filers ...
Tax rules in 2026 tilt even more heavily toward people who take the standard deduction, thanks to new above the line write ...
Child Tax Credit: This tax credit increases by $200 year over year, to $2,200 per child for the 2025 tax year. It applies to ...
Taken together with the inflation measure the IRS uses, the agency says that—on average—the inflation-adjusted tax numbers ...
Your paycheck could stretch further in 2026 as the IRS raised tax brackets and deductions under Trump’s “big beautiful bill." ...
The Tax Foundation, a nonpartisan think tank, estimates that the various tax cuts included in the bill will increase the ...
A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.
The IRS widened income ranges for most tax brackets, which could slightly reduce how much is withheld from paychecks.
Social Security represents a major source of monthly income for many citizens, especially retirees. The "new" deduction will ...
Several IRS changes take effect in 2026, including higher retirement contribution limits, tax adjustments, and more. Here's ...