You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social Security number on your tax return and have a modified adjusted gross ...

When tax season rolls around, deductions and credits can make a real difference in how much you owe -- or how much you get ...

The promise of financial relief for seniors has arrived, packaged in the form of a new tax deduction. Roughly 34 million ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...

You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

Donating to charity is a great way to show your giving spirit and can help save money at the same time if you follow key ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

The SALT cap increases to $40,000 for 2025 — up from $10,000 in 2024. The maximum deduction phases down at higher income ...

According to tax experts, here are the most costly mistakes middle-class taxpayers make on their taxes.

Wondering how much tax relief you can claim? Learn how IRS credits, deductions, payment plans and settlements affect the ...

The 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of ...