Although the due date for your 2025 federal income tax return is a long way off (it's not until April 15, 2026), smart ...

One of the biggest advantages of filing as head of household is the higher standard deduction. For the 2024 tax year, heads of household can automatically deduct $21,900, compared to $14,600 for ...

For 2024, the amounts are: Single or head of household: an additional $1,950 Married filing jointly: an additional $1,550 So for example, a 68-year-old single filer would claim a $16,550 standard ...

A divorce, separation, or death of a spouse will affect your tax return. Experts have advice to help you stay on top of it.

Filers who are 65 or older or are blind may be eligible to claim an even higher standard deduction. For 2024, the amounts are: Single or head of household: an additional $1,950 Married filing ...

If you are among the millions of Americans who still haven't filed their taxes, here are some last-minute tips to keep in ...

That could mean claiming different deductions if you’re self-employe, or claiming credits you didn’t know you were entitled to. To be clear, it’s not the end of the world to owe the IRS a ...

Single parents can benefit from filing as Head of Household, which allows them to receive a larger standard deduction than if they filed as Single. For 2024, the Head of Household deduction is $ ...

Public policy can reward or penalize marriage, raising a natural question in the Beehive State, which considers itself to be ...

Even if you withhold taxes and take deductions, you might still end owing the IRS a chunk of money. Make sure you’re claiming the right deductions and are writing off any expenses you can.