The standard deduction amount for 2024 is $14,600 for single taxpayers and married couples filing separately, $21,900 for head of household filers, and $29,200 for married couples filing jointly.

When it comes to filing taxes, the Head of Household (HOH) status stands out as one of the most beneficial options for certain taxpayers. It offers a larger standard deduction, more favorable tax ...

Even if your salary didn't change, you might have dropped into a lower tax bracket in 2025, reducing your tax rate. So you ...

Here are the tax brackets for 2024, which are the taxes you pay in 2025. Income tax is progressive: the more you earn, the ...

The IRS has announced the start of the 2025 tax filing season. Here's important info to help you prepare and file your taxes ...

The standard deduction is a popular way for taxpayers to reduce their taxable income. Your deduction amount depends on your age, filing status and other factors. Many, or all, of the products ...

We’ll explain how to figure that out. Single taxpayers or head-of-household filers who are 65 and older can take an additional standard deduction of $1,950 on top of the standard amount.

Democratic lawmakers are blasting Republicans for considering cuts to some federal programs in order to finance President ...

The standard deduction is a fixed amount you can subtract from your income to reduce the portion that is taxed. In other words, it allows you to pay less tax without having to worry about ...