standard deduction | The Epoch Times

Itemizing Is Not Necessary for These Tax Deductions

Before the Tax Cuts and Jobs Act of 2017, people could reduce their tax bill by claiming various tax deductions. When the act passed, the standard deduction was raised much ...

April 1, 2024BY Mike Valles

IRS Alerts Americans to Major Change: Actual Good News | Facts Matter

Right before the weekend, the Internal Revenue Service (IRS) released a new statement that contained some good news, ...

November 13, 2023BY Roman Balmakov

6 Major Changes Made by IRS for 2023 Tax Season

Tax year 2022 saw multiple changes made by the Internal Revenue Service to tax limits, credits, standard deductions, ...

March 10, 2023BY Naveen Athrappully

Sneaky Ways Inflation Affects Your Money in 2023

By now, you’re probably familiar with the more obvious ways inflation affects your finances. Your money doesn’t go ...

January 9, 2023BY The Associated Press

All About the Standard Deduction in 2023

Most taxpayers know that deductions allow you to take out certain expenses from taxable income. This lowers the ...

November 18, 2022BY Anne Johnson