24 tax deductions that don’t require itemizing The standard tax deduction is used by most filers. The amounts are substantial, thanks to the increases of the Tax Cuts and Jobs Act (TCJA) of 2017. Plus, it’s easy to claim. The standard amount for each filing status is listed directly on Form 1040. See more tax forms and more about them at Tax Forms 2024 and Tax Forms 2025. But that doesn’t mean you should stop looking for deductions. There are two dozen that are available to qualifying taxpayers, regardless of whether you take the standard claim or itemize. Here’s a look at these 24 tax write-offs that,...
https://www.dontmesswithtaxes.....com/2025/02/22-tax-d

Trump Tariffs: Tracking the Economic Impact of the Trump Trade War Trump's new tariffs on Mexico, Canada, and China would rank as the largest tax increase since 1993 and the 8th largest peacetime tax increase since 1940. We estimate the new tariffs would shrink economic output by 0.4 percent and increase taxes by $1.1 trillion, amounting to an average tax increase of more than $800 per US household in 2025.
https://taxfoundation.org/rese....arch/all/federal/tru

State and Local Sales Tax Rates, 2025 Retail sales taxes are an essential part of most states’ revenue toolkits, responsible for 24 percent of combined state and local tax collections.
https://taxfoundation.org/data..../all/state/sales-tax

3 tax moves to make this February Hello, February! Even though it's the second month of the year, it's the first full month of the annual tax-filing season and the time when most of us finally start focusing on our 1040s. So, since February also is the shortest month, and we’re already three days into it, I’ll cut to the chase and keep this month’s recommended tax moves short. 1. Keep an eye out for tax statements. Jan. 31 is the day that W-2 and various other earnings statements are supposed to be delivered to workers. Guess what? That date usually slips. Today, for example, I got...
https://www.dontmesswithtaxes.....com/2025/02/3-februa

The EU’s Questionable VAT Policy In a recent survey regarding companies’ barriers to conducting business in the EU single market, VAT ranked first. Policymakers should invest in reforming VAT systems to close both compliance and policy gaps in ways that improve the overall efficiency of their tax systems.
https://taxfoundation.org/blog..../eu-vat-compliance-g