35% cap on deduction value: For only those in the top 37% tax bracket, the tax benefit from all itemized deductions (not just ...

Tax policy set to change in 2026 could shrink charitable deductions for higher earners, reshaping year-end giving and ...

Homeowners who have been taking the standard tax deduction in recent years might want to give itemization another look this year. The One Big Beautiful Bill Act comes with a slew of updates affecting ...

As the famous saying goes, there are only two certainties in life: death and taxes. And every taxpayer should be aware of major changes to the tax code for the 2026 tax year. These include the tax ...

Each year, the IRS adjusts this deduction to reflect inflation and the rising cost of living. When the deduction increases, ...