Tag: standard deduction

What the New 2026 Tax Brackets Mean — and What You Should Do Now

by Alicia Betancourt
April 20, 2026

As we head into the 2026 tax year, the IRS has rolled out updated tax brackets, deductions, and limits. While these changes may look minor on the surface, they can directly impact how much you keep in your paycheck—and how much you owe when ... READ MORE

Category: , Home Management, Money Matters, SFYL Hot Topic, UF/IFAS Extension, Work & Life
Tags: Budgeting, Financial Literacy, Income Tax, IRS Changes 2026, Monroe County, Standard Deduction, Tax Brackets 2026, Tax Planning, Tax Tips, UF/IFAS Extension

Standard vs Itemized Deductions: Which Is Right for You?

by Lisa Leslie
January 9, 2026

A tax deduction reduces your taxable income. For example, if your income is $50,000 and you have $5,000 in deductions, your taxable income becomes $45,000. The benefit of a deduction depends on your marginal tax bracket—the rate applied ... READ MORE

Category: Money Matters, Work & Life
Tags: Deduction, Federal Income Tax, Itemize, Itemized Deduction, Standard Deduction, Tax Deduction

The Homeowner Mortgage Interest Tax Deduction

by Lisa Leslie
January 9, 2024

Are you a homeowner looking for good tax deductions? For most Florida homeowners, the first thing to check is mortgage interest and property taxes. Mortgage interest can be a tax deduction if you choose to itemize deductions. A tax filer can ... READ MORE

Category:
Tags: Federal Income Tax, Federal Income Tax Filing, Itemized Deduction, Standard Deduction, Tax Deduction

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