To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Greater Cincinnati Foundation (GCF), the region’s leading ...

Many retirees think that once they take the standard deduction, they can't claim any other tax breaks. That's not true, and believing it could cost them thousands of dollars each year, especially amid ...

For the 2026 tax year, SALT taxes reach a cap of $40,400, but many remain unaware of the real benefits of not itemizing ...

For most U.S. taxpayers, the standard deduction is the simplest way to reduce taxable income without itemizing expenses. In fact, it has become the default choice for the vast majority of filers, with ...

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

Tax deductions reduce your taxable income to help lower your overall tax bill. While most people claim the standard deduction, there are dozens of lesser-known opportunities that could help you keep ...

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 ...

Add Yahoo as a preferred source to see more of our stories on Google. Itemizing your deductions allows you to write off individual expenses like mortgage interest, property taxes, and certain ...

If you are in the process of filing 2025 state and federal income tax returns, you may be stumped by the decision to either file using standard deduction or spend the extra time and effort needed to ...

To be clear, the 2026 standard deduction applies to income you earn in 2026 but is for the tax return you'll file in 2027. The 2025 standard deduction applies to the federal income tax return you'll ...