Looking ahead to your 2025 taxes and wondering about standard tax deduction amounts for each filing status? Here's what's ...

It also has a chart designed to help senior taxpayers calculate their standard deductions. Filing options for Form 1040 If you need to file your individual income tax return, you can find Form ...

What Is the Advantage of Filing Form 1040-SR? Form 1040-SR includes a table for standard deductions, simplifying the process for seniors who are not itemizing deductions. What Is the Additional ...

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U ...

If you’re preparing your taxes, you'll file federal income tax Form 1040 ... deductions. However, many people don't itemize since it became more financially advantageous for them to claim the ...

Text Callout : Key Takeaways - What Is a 1040 ... the standard deduction, which the IRS doubled in 2018. Cryptocurrency. The IRS refers to cryptocurrency as a digital asset. On the Form 1040 ...