The standard deduction is a portion of income that is not subject to tax and can be used to reduce a tax bill instead of ...

Itemized deductions and the standard deduction are two options that taxpayers can choose when filing their tax returns. The choice affects how much taxable income is reduced, potentially influencing ...

A bigger standard deduction, changes in the itemizing rules and new temporary deductions all complicate the decision. Here’s how to choose the option that’s best for you. When it comes to federal ...

The IRS released the 2026 standard deduction amounts you’ll use for your 2026 tax return — and they're higher than ever. The IRS adjusts these amounts for each filing status every year. And since ...

Here's everything you need to know about standard deductions for tax year 2026 for returns filed in 2027.

If you are in the process of filing 2025 state and federal income tax returns, you may be stumped by the decision to either file using standard deduction or spend the extra time and effort needed to ...

Above-the-line deductions can be taken even if you decide to take the standard deduction (rather than itemize). See how you can use them to lower your tax bill.

Deciding how to file your taxes as a married couple can have a meaningful impact on your return. Depending on your situation, it may affect how much you owe or receive. Many couples assume married ...