The standard deduction is set to climb again for the 2025 tax year, with married couples filing jointly able to shield ...

Year-end planning can significantly boost the benefits of new tax changes, helping taxpayers reduce liabilities and maximize ...

Starting in 2026, the new deduction will enable the estimated 90% of household using standard deductions to get a deduction ...

With the passing of the One Big Beautiful Bill Act, new changes to your charitable contribution deductions could be significant depending on whether you give in 2025 vs 2026.

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

The clock is ticking for philanthropic clients who want to maximize tax deductions on their charitable donations. New rules in the One Big Beautiful Bill Act (OBBBA) will fundamentally alter ...

(a), taxpayers may deduct expenses paid during the tax year for medical care, provided these expenses are not compensated by ...

Advances made by a taxpayer in its business of managing an arena were not bona fide debt, and the taxpayer was not entitled ...