The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

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 ...

A new tax break offers deductions of up to $10,000, but income limits and loan rules mean most buyers will see much smaller savings.

The new, temporary senior deduction gives taxpayers 65 and older who fall within income limits the opportunity to deduct up ...

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

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.

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 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.

This type of insurance includes liability coverage, which can shield you if you're found at fault for damages to someone else. It also pays to repair or replace your property's structure if it's ...

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