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.
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.
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 ...
The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...
As you noted in your February 21 issue (“Charities Offer Mixed Reviews of Bipartisan Plan to Help Religious Groups”), many charity leaders may support a Senate proposal that would give people who do ...
As tax season rolls around, you may have a number of questions on your mind — including whether your mortgage interest is deductible for tax year 2025. The short answer is yes, but whether or not ...
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