As Treasury Secretary Scott Bessent announced last year, taxpayers will receive “very large refunds,” in his own words, ...
The IRS has increased the standard deduction for the 2026 tax year. Find out the new amounts and how this change could lead ...
The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. Each ...
If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.