U.S. Bank calls out the deduction trap on your taxes

U.S. Bank calls out the deduction trap on your taxes

The Street April 16, 2026

You sit down to file your taxes, click through your software, and accept the standard deduction without giving it a second thought. For years, that shortcut made sense for most filers, and the IRS even made it easier by nearly doubling the amount in 2018.  But the tax code shifted under the …