Kelly Phillips Erb is a Forbes senior writer who covers tax. Author’s note: The standard deduction amounts, state and local tax (SALT) caps, and maximum amount of the child tax credit have been ...

Learn how eligible married couples over 65 can stack deductions to claim the highest possible 2026 standard deduction of ...

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...

Deciding how to file your taxes as a married couple can have a meaningful impact on your return. Depending on your situation, it may affect how much you owe or receive. Many couples assume married ...

As you explore tax credits, you'll come across three types: refundable, partially refundable and nonrefundable. The key ...

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

Forbes contributors publish independent expert analyses and insights. Joseph J. Thorndike writes about tax history. The state and local tax deduction has been a part of the federal income tax from the ...