Prefer Newsweek on Google to see more of our trusted coverage when you search. When filing a federal tax return, Americans face a key choice that can directly affect how much they owe—or how much they ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...

Lower-income taxpayers will be able to deduct contributions for the first time, but there are new limits on higher-income taxpayers’ deductions. One big change in this year’s federal budget ...

If you are in the process of filing 2025 state and federal income tax returns, you may be stumped by the decision to either file using standard deduction or spend the extra time and effort needed to ...

It’s everyone’s favorite time of the year: tax season. But some changes have made this season a little more interesting. President Donald Trump’s signature legislation, the One, Big, Beautiful Bill ...

Tax season 2026 is here, and the savvy tax filer can take advantage of increases made to the SALT deduction this year. According to Thomson Reuters, the SALT deduction will bring particular relief to ...

A bigger standard deduction, changes in the itemizing rules and new temporary deductions all complicate the decision. Here’s how to choose the option that’s best for you. When it comes to federal ...

KOAT APP AND TURN ON ALERTS. HAPPENING TODAY, THE TAX FILING SEASON OFFICIALLY BEGINS. AREN’T YOU EXCITED? NO. AND THERE ARE SOME CHANGES NEW MEXICANS NEED TO KNOW ABOUT. OUR OWN ALYSSA MUNOZ IS LIVE ...

Overview of major OBBBA tax changes, including new deductions, credits, and limits for 2025 and 2026 and their impact on brackets and inflation adjustments Explanation of redesigned online tax guide ...

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 ...

As teachers spend more of their own money on classroom supplies, the One Big Beautiful Bill Act is removing the limits on itemized tax deductions for K-12 educators. Processing Content But that new ...