You’ve probably heard about the standard deduction, but did you know that the tax code offers a perk in the form of an extra standard deduction for people aged 65 or older? For eligible older ...

One of the first decisions you'll make when filing taxes is whether to take the standard deduction or itemize your deductions. But before you make that call, you need to know what the standard ...

However, that wasn’t the only change. “Under TCJA, they drastically changed the standard deduction,” says Shamisa Zvoma, CPA and tax principal with accounting firm Friedman LLP in New York City.