Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard ...

CNBC’s Sharon Epperson explains the standard deduction for 2025 tax returns. For more Tax Tips, go to cnbc.com/money101 to ...

It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful ...

As a taxpayer, you pay tax as a percentage of your income in layers called tax brackets, according to the IRS.

Seniors could keep more money with new tax break phasing in for 2025 returns. The extra deduction helps lower- and ...

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...