Maximize 2026 IRS deductions without itemizing - Learn how above-the-line tax benefits save thousands, who qualifies and why?
Published on: Jan. 7, 2026, 11:26 p.m. | Source: The Economic Times
In 2026, the IRS raises standard deductions to $16,100 for singles. Above-the-line deductions reduce taxable income directly. Self-employed retirement and health contributions save thousands. Student loan interest, car loan interest, and qualified tips offer new tax breaks. Military and educator expenses remain deductible. These adjustments boost refunds and lower taxes for millions nationwide.
