Tax rules in 2026 tilt even more heavily toward people who take the standard deduction, thanks to new above the line write ...

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 ...

Itemized deductions and the standard deduction are two options that taxpayers can choose when filing their tax returns. The choice affects how much taxable income is reduced, potentially influencing ...

Each spring, millions of taxpayers face a deceptively simple question — take the standard deduction or itemize? For those not versed in the lingo of taxes, the distinction can be confusing. But ...

In 2026, the IRS raises standard deductions to $16,100 for singles. Above-the-line deductions reduce taxable income directly.

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

Significant changes to tax deductions for charitable giving will take effect in 2026. A new deduction will allow non-itemizers to deduct up to $1,000 for single filers and $2,000 for married couples.