The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. The ...

Earlier today, The Hill published my new op ed making the case for ending the tax deduction for home mortgage interest, which the recently released GOP tax plan proposes to limit, but not completely ...

You might be able to deduct mortgage interest on your taxes if you itemize and follow a few other guidelines. Many, or all, of the products featured on this page are from our advertising partners who ...

Itemizing is a way to pick and choose your tax deductions. Here's how it works and how to tell if it's for you. Many, or all, of the products featured on this page are from our advertising partners ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Lea Uradu, J.D., is a Maryland state ...

The new Trump tax law, built around The One Big Beautiful Bill Act, is reshaping how Americans will be taxed in 2026 and ...

Older taxpayers now have access to some of the most generous standard deduction rules on record, and the stakes are high for ...