The new $40,000 SALT cap in 2025 could boost refunds for some taxpayers, making the choice between standard and itemized ...

TOPEKA, Kan. (WIBW) - It’s a question many people ask themselves this time of year: Should you go with the standard income tax deduction or itemize? Carl Carlson, founder and CEO of Carlson Financial, ...

Benjamin Franklin famously quipped that there’s nothing certain in life other than death and taxes. Any changes to the latter pique the interest of most Americans. As it does annually, the IRS ...

While above-the-line adjustments are available to those who itemize and those who take standard deduction, there are possible ...

Pass the SALT? What’s next for this federal tax deduction?

It's a decision that every taxpayer is faced with when choosing how to claim deductions on their federal tax return: Do you take the standard or do you itemize? Making the right choice could mean more ...

Running both scenarios, standard deduction versus itemized, can help clarify which approach results in lower taxable income. Reviewing documentation before filing can also help ensure that ...

Owning a home changes your tax picture, but not always in obvious ways. Some homeowners assume buying a home automatically leads to a larger refund. Even long-standing homeowners can overlook ...