Starting in 2026, the new deduction will enable the estimated 90% of household using standard deductions to get a deduction ...
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With a short time left before 2025 comes to a close, year-end tax planning is all-important. Here are some areas to focus on.
The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...
Beginning in 2026, tax filers who claim the standard deduction may be allowed to take a new above-the-line deduction for cash contributions to qualifying charities. You will not need to itemize ...
WRAL and 5 On Your Side is partnering with the North Carolina Society of Enrolled Agents to connect people with federally licensed tax professionals for answers about tax planning and preparation.
Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to bigger tax refunds. That’s if they play their cards right on the SALT ...
The IRS announced new federal income tax brackets for 2026 on Oct. 9, along with adjustments to the standard deduction. These stem from the One Big Beautiful Bill (OBBB), which directed the IRS to ...
The IRS is raising standard deductions for 2026 — up to $32,200 for joint filers and $16,100 for singles — along with larger credits for families, adoptions, and employer-provided childcare. The top ...
The IRS recently released the inflation-adjusted tax brackets for the 2026 tax year. The updated standard deduction was announced as well. With all other factors being equal, some high earners could ...
The IRS recently announced some changes to standard deductions and tax brackets. It's important to understand the new tax rules so you don't pay more to the IRS than you need to. The new rules will ...