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

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 ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...

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

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.

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 'One Big Beautiful Bill' (OBBBA) introduces a historic $6,000 benefit for seniors, but earning over $75,000 could reduce this deduction. Understanding the phase-out rules is crucial for maximizing ...

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

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.

Your tax return could look pretty different this year.

From student loan interest to retirement credits, here are the tax deductions millennials often overlook — and how ChatGPT ...

As a homeowner, you know that your taxes can get complex. Now, with the One Big Beautiful Bill Act (OBBBA) signed into law, you may be wondering what changes you ...