Young and the Invested on MSN

Standard deduction rates rise again for 2026. Here’s what you can deduct.

Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard ...
Tulsa World

Do you itemize or take standard deduction?

This story incorrectly described federal tax rules concerning married couples filing separately and itemizing deductions. When a married couple files separate returns and one spouse itemizes ...

3 Ways To Maximize Your Tax Deduction If You’re Itemizing for 2025

President Donald Trump's One Big Beautiful Bill Act (OBBBA) raised the state and local tax (SALT) cap deduction to $40,000 ...
The Highland County Press

IRS reveals tax inflation adjustments for 2026

The One Big Beautiful Bill raised the standard tax deduction for married couples from $30,000 to $31,500 for tax year 2025, and for single taxpayers from $15,000 to $15,750. For tax year 2026, the ...

Seven Things You Should Do Before 2026 Because of One Big Beautiful Bill Changes

The One Big Beautiful Bill Act, signed into law in July, has wide-reaching implications for taxpayers. From an enlarged standard deduction for older adults to more-generous tax credits for families ...

New IRS form lets taxpayers claim 2025 deductions on tips, overtime pay, car loan interest

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...