The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and ...

In this week's Ask the Editor Q&A, Joy Taylor answers questions on federal income tax deductions ...

Q. Hi, Dan. I don’t understand why people are talking about the new deduction for charitable gifts next year. Haven’t charitable gifts always been deductible? — Carl in Rockledge A. Carl, for millions ...

President Donald Trump's signature tax package, the One Big Beautiful Bill Act, is quietly reshaping how Americans give to charity by reopening the door to deductions for people who do not itemize.

“Barring Congressional Action, tax rates are set to revert to pre-Tax Cuts and Jobs Act levels at the end of 2025.” I scribbled out that same general line on numerous occasions since the TCJA was ...

Donating to charity is a great way to show your giving spirit and can help save money at the same time if you follow key ...