The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.
The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.
The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.
Donald Trump’s proposal to eliminate overtime tax has ignited chatter.
Some of the changes, passed in the Big, Beautiful Bill Act last year, impact returns this tax season. Here's a list of key ...
Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax ...
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.
A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...
Wondering what tax relief you qualify for? Learn about IRS tax relief programs, credits, deductions and payment options based ...
The IRS said it expects 164 million individual tax returns to be filed.
Taxpayers aged 65 and older are eligible for a $6000 deduction. Here's all on eligibility and how the deductions work with ...
Taxpayers and tax professionals alike expected the IRS to issue new withholding tables and Forms W-2 to reflect changes under the One Big Beautiful Bill Act. The IRS now says that won’t happen in 2025 ...
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