You don't need to itemize to save on taxes in 2026. These 13 overlooked deductions and adjustments can lower your taxable ...
Here's what you can deduct if you aren't itemizing, along with tax brackets, senior deductions including the phaseout ramp, ...
This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...
In 2026, the IRS raises standard deductions to $16,100 for singles. Above-the-line deductions reduce taxable income directly.
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 ...
Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...
Most Americans may be better off waiting until 2026 to donate cash to their favoriite charities due to tax law changes.
Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. The season of giving is upon us. While many use December as an opportunity to ...
With a DAF, you can make a contribution in 2025 and receive a charitable deduction under 2025 rules, while the funds can be ...
In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...
A local tax professional offers guidance on preparing for tax season, emphasizing the importance of early document gathering and clear communication to avoid costly mistakes and missed deductions.