The amount you can deduct in a given year is subject to limits, but you can carry forward some of those unused deductions over a period of five years, again subject to eligibility. Deductions for ...

The IRS released the 2025 standard deduction amounts you’ll use for your 2025 tax return. T hese amounts for each filing status are adjusted for inflation every year. So, the standard deduction ...

Our weekly “Econ Extra Credit” newsletter is an unexpected way to learn about the economy, one film at a time. Sign up to watch, and learn, with us. Americans have a better idea of the taxes ...

Susan Walsh/AP Share NEW YORK — U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns. The Internal ...

NEW YORK — U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns. For couples who file jointly, that standard ...

“Who would think of that?” the 45th president later said of his domestic car loan interest deduction plan, comparing it to the invention of “the paperclip.” Kim Riddle, 45, of Mount ...

It overturned the Court of Appeal’s decision that, where the client had agreed to their solicitor deducting costs, the time to challenge them runs from the time the deduction was made, without the ...

The Internal Revenue Service on Tuesday announced the annual inflation adjustments for standard deductions, marginal tax rates, earned income tax credits, adoption credits and more for 2025.

The Internal Revenue Service (IRS) on Tuesday announced its inflation adjustments to tax brackets and deductions for the 2025 tax year, potentially giving Americans a chance to increase their ...

NEW YORK — Taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns. The Internal Revenue Service detailed the ...

The standard deduction amounts will increase to $15,000 for individuals and married couples filing separately, representing an increase of $400 from 2024. Married couples filing jointly will see a ...