Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

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

Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.