The standard deduction for a widow over 65 can be higher than that of the average taxpayer. This has the potential to lower your taxable income and reduce your federal tax bill. This is because widows ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

When you file your taxes, itemizing deductions can help you reduce your taxable income. Some people are eligible to deduct their sales tax. If you choose to itemize deductions, you’ll have the option ...

The IRS has given at least one tiny glimmer of hope for your finances amid a backdrop of economic uncertainty: You can now increase your tax write-off for fuel costs. On Dec. 14, 2023, the agency ...