A new tax rule in the 'One Big Beautiful Bill' allows taxpayers to deduct up to $1,000 in charitable gifts starting in January and beyond.

A classically trained French hornist by education, Nick Wolny is a managing editor at CNET Group, where he oversees the Perspectives franchise and written branded content across CNET Group's ...

You can reduce your taxable income by itemizing your deductions. This means that you list expenses that will later be subtracted from your adjusted gross income (AGI). If your expenses throughout the ...

Changes in the tax law will have different effects on people who take the standard deduction versus high earners who itemize.

If you’re a homeowner preparing to file your taxes, you’ve probably asked yourself: Should I take the standard deduction or itemize? The answer could make a big difference in how much you save—and it ...

For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

Tax deductions help keep more money in your pocket, and when it's time to file your return, there are typically two ways to take them the standard deduction, *** single fixed amount, or itemize all of ...

Turning 65 comes with a tax perk! Learn about the extra standard deduction for seniors, the 2025 amounts, and how it can ...

New 2025 tax law locks in lower rates, boosts deductions, and reshapes SALT, senior, worker and business breaks. See what to do before year-end to cut your bill.

Plus: Claiming pets–and people–as dependents, Health Savings Accounts, charitable giving and tax deductions, tax filing ...