The IRS has released the 2026 tax brackets, as well as the new standard deductions and several other inflation-related adjustments. Although the marginal tax rates have not changed, the new tax ...
The 2026 standard deduction for dependents is limited to either $1,350 or the sum of $450 and the dependent’s earned income, ...
The SALT deduction temporarily jumped to $40K under Trump’s tax reform, and the $750K mortgage interest cap is now permanent, ...
HUNTSVILLE, Ala. (WAFF) - The One Big Beautiful Bill Act will impact the way you pay taxes this year, especially if you plan to use itemized deductions. Financial expert Jay McGowan from the Welch ...
How does the deduction work? Here's what to know about the federal write-off for state and local taxes. A deduction to defray homeowners' state income taxes and local property taxes is getting much ...
Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...
If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible.Some of the changes, ...