The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their federal return.

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

Many taxpayers will itemize deductions again on their 2025 federal tax return due to changes affecting the SALT deduction (State and Local Tax deduction). In this clip, we explain why ...

The One Big Beautiful Bill Act raises the SALT deduction cap to $40,000 for 2025, potentially prompting more taxpayers—especially in high-tax states—to itemize and increase their tax savings.

Run the numbers: For 2025, the standard deduction is $31,500 for married couples and $15,750 for singles. If your total ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...

Knowing what credits or deductions are available this year could be the difference between dominating and dreading the process.

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

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could affect your tax return this season.

Many Baby Boomers miss valuable tax deductions each year. Learn eight often-forgotten breaks, including a new $6,000 senior ...

Discover which states are saving the most money from the One Big, Beautiful Bill Act and how residents are benefiting.