Although the due date for your 2025 federal income tax return is a long way off (it's not until April 15, 2026), smart taxpayers will start thinking about their tax bill for the new year far in ...

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 ...

A new tax form, Schedule 1-A, introduces four new deductions for the 2025 tax year. All four write-offs are "below-the-line" deductions, which reduce taxable income but not adjusted gross income. Each ...