Updated Standard Deduction: Tax Planning Impacts for Individuals and Senior Citizens Detailed
The new standard deduction 2026 stands as a key pillar in the U.S. tax system, offering a straightforward way to trim taxable income without the hassle of tracking every expense. First introduced to streamline filing, this deduction has seen significant updates through reforms like the One Big Beautiful Act (OBBBA) signed in 2025, making higher … Read more