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

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

The SALT deduction changes will most likely help wealthier taxpayers in high-tax states like Illinois, especially if they have many expenses to itemize. Because of Illinois’ high property taxes, some ...

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could affect your tax return this season.

The One Big Beautiful Bill Act (OBBBA), passed in mid 2025, reshapes how many families will file their 2025 taxes.

The SALT deduction - the state and local tax deduction - increased for the 2026 tax season. Here's what it is and how you can claim it.

Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to bigger tax refunds. That’s if they play their cards right on the SALT ...

The federal deduction for state and local taxes (SALT) has been part of the U.S. tax code for over a century. The tax break allows eligible taxpayers to reduce their federal tax liability by deducting ...

Most people go with standard deduction when filing income tax returns, but depending on ax situation, you may want to itemize deductions.

As a homeowner, you know that your taxes can get complex. Now, with the One Big Beautiful Bill Act (OBBBA) signed into law, you may be wondering what changes you ...