Tip: For tax years 2020 and 2021 only: Even if you don't itemize deductions, you can still deduct up to $300 of cash charitable contributions on your 2020 tax return (the one you'll file in 2021). You ...

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, which had narrowly passed through the United States Congress. The OBBBA makes permanent certain tax provisions ...

The OBBB shakes up charitable deductions with a little help for non-itemizers and a new challenge for itemizers this holiday ...

HUNTSVILLE, Ala. (WAFF) - The One Big Beautiful Bill Act will impact the way you pay taxes this year, especially if you plan to use itemized deductions. Financial expert Jay McGowan from the Welch ...

If you’re a homeowner preparing to file your taxes, you’ve probably asked yourself: Should I take the standard deduction or itemize? The answer could make a big difference in how much you save—and it ...

We can’t close the books on 2020 until we close the books on 2020. It’s tax time again, and if you were a work-from-home employee last year, it’s time to figure what you can write off and what you owe ...

The 2017 Tax Cuts and Jobs Act (TCJA) took major steps towards reducing the scale of itemization in the individual income tax by raising the standard deduction and limiting certain deductions. At the ...

Selling something that has shot up in value — think appreciated stocks, bitcoin bought for pennies, a rental building, or a ...

Tax deductions help keep more money in your pocket, and when it's time to file your return, there are typically two ways to take them the standard deduction, *** single fixed amount, or itemize all of ...