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 ...

There are new ways to receive tax deductions for the 2026 filing season. Here’s what SC taxpayers should know.

Itemized deductions are specific expenses you can subtract from your taxable income to potentially lower your tax bill. In some cases, they can save you more than the standard deduction, especially if ...

Taxpayers can reduce their IRS bill by deducting qualifying expenses from their taxable income. The easiest way to do that is to take the standard deduction, a flat write-off available to nearly all ...

Millions of seniors who receive Social Security benefits will get a ‘bonus’ tax deduction this year. The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for ...

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 ...

President Donald Trump's "big beautiful bill" boosted the SALT deduction limit to $40,000 for 2025, up from the previous $10,000 cap. The SALT deduction includes property taxes plus either state and ...

Ever notice in those reality shows, like "House Hunters," focused on residential real estate and home renovations, that everyone wants a home office? There's a good reason for that. That extra home ...

There are several changes for 2025 tax returns, including new deductions for seniors, tips and overtime. There is also a higher standard deduction, because of the One Big Beautiful Bill. Some ...