The Schedule 1-A does not differ from the draft version issued last year, but instructions for Form 1040 provide details and ...

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

The IRS has published filing instructions for the new Schedule 1-A and Form 1040 instructions for taxpayers to claim no tax ...

To qualify for the full deduction, your taxable income can’t be more than $100,000 if you’re a single filer or $200,000 if you’re married filing a joint return. Single filers who earn more than ...

The IRS reports that every year more than $1 billion in unclaimed refunds gets left behind at the Treasury. This year, if you’re a senior, it’s more likely that a refund belongs to you. A ...

The IRS will allow up to $10,000 in car loan interest deduction starting with 2026 tax filings for the 2025 tax year. This new federal tax break applies to qualifying new vehicles purchased after ...

As tax season rolls around, you may have a number of questions on your mind — including whether your mortgage interest is deductible for tax year 2025. The short answer is yes, but whether or not ...