Here's what you can deduct if you aren't itemizing, along with tax brackets, senior deductions including the phaseout ramp, ...

The IRS announced updated inflation adjustments for the 2026 tax year, including new federal tax brackets and higher standard ...

If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

The standard deduction is increasing in 2026; here's what it could mean for you. Each year, the IRS adjusts certain figures to keep up with inflation, and one of them is the standard deduction. And we ...

For tax year 2026, the standard deduction will be $32,200 for married couples filing jointly. For single taxpayers and married individuals filing separately, the standard deduction rises to $16,100 ...

The tax bracket income levels for 2026 are increasing by 2.3% and new tax breaks could allow you to keep more take-home pay.

Social Security recipients will see a 2.8 percent boost in cost-of-living adjustment (COLA) for 2026, raising the average ...

Social Security represents a major source of monthly income for many citizens, especially retirees. The "new" deduction will ...

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 ...