The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

If you're 65 or older, this could have a huge effect on your taxes this year.

The standard deduction for a widow over 65 can be higher than that of the average taxpayer. This has the potential to lower your taxable income and reduce your federal tax bill. This is because widows ...

When you file your taxes, itemizing deductions can help you reduce your taxable income. Some people are eligible to deduct their sales tax. If you choose to itemize deductions, you’ll have the option ...