Looking ahead to your 2025 taxes and wondering about standard tax deduction amounts for each filing status? Here's what's ...

For the 2024 tax year, the standard deduction is worth $14,600 for people filing individually, $21,900 for people filing as heads of household and $29,200 for couples filing jointly. If you take the ...

Certain homeownership, business and healthcare deductions could significantly lower your tax bill. Here's how.

Refundable credits can result in a refund if they exceed your tax bill, while nonrefundable credits only reduce what you owe to zero. Most taxpayers take the standard deduction, but itemizing can ...

These two tax terms are probably the ones my clients confuse most often. Think of a tax credit as a gift card applied to your ...

When you're filing your taxes, you have two options. Itemizing your deductions lets you add up every deduction you qualify for. The standard deduction is a larger set dollar amount you can claim as a ...