Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

The IRS has updated standard deduction amounts for 2026 to reflect inflation and recent law changes, helping taxpayers avoid ...

Each spring, millions of taxpayers face a deceptively simple question — take the standard deduction or itemize? For those not versed in the lingo of taxes, the distinction can be confusing. But ...

As Treasury Secretary Scott Bessent announced last year, taxpayers will receive “very large refunds,” in his own words, ...

The One Big Beautiful Bill included sweeping tax law changes. Here are several key changes individual taxpayers need to know ...

Few pieces of legislation have sparked as much discussion as the One Big Beautiful Bill Act. Since its passage, the act has been celebrated by some for its tax cuts and denounced by others for its ...

The tax code changes add a $6,000 deduction for taxpayers over 65 years old with a phaseout for taxpayers earning more than $75,000 a year or $150,000 a year for those married and filing jointly. This ...

Maryland residents could see more cash returned to them because of federal tax laws, depending on how they file.