Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.
The Internal Revenue Service (IRS) is introducing a new form, Schedule 1-A, to streamline the process of claiming deductions for tips, overtime, auto loan interest, and senior benefits. This ...
New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.
The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.
About 75% of Americans receive tax refunds each year. The average refund in 2025 was $2,939, according to the IRS. This year, ...
Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results