A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

Most people go with standard deduction when filing income tax returns, but depending on ax situation, you may want to itemize ...

TOPEKA, Kan. (WIBW) - It’s a question many people ask themselves this time of year: Should you go with the standard income tax deduction or itemize? Carl Carlson, founder and CEO of Carlson Financial, ...

The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and ...

It's a decision that every taxpayer is faced with when choosing how to claim deductions on their federal tax return: Do you take the standard or do you itemize? Making the right choice could mean more ...

If you’re 65 or older and have been itemizing your tax deductions, you may wonder if the new “senior bonus deduction” in Trump’s tax bill — available starting in 2025 — could benefit you. After all, ...

Each spring, millions of taxpayers face a deceptively simple question — take the standard deduction or itemize? For those not versed in the lingo of taxes, the distinction can be confusing. But ...

Discover three smart tax strategies homeowners can use in the next 12 months to lower their tax bill, maximize deductions and ...

Here's how to use your donations to save on taxes ...