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

The Unexpected Relief That Brought New Worries The senior deduction is an exemption for filers 65 and older introduced in the One Big Beautiful Bill Act, allowing seniors to claim an additional $6,000 ...

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 ...

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

In a bid to offer more financial relief to older Americans, a new tax initiative is set to benefit seniors aged 65 and older.

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

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the many provisions of President Trump’s signature One Big Beautiful Bill Act.

A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a ...

Taxes usually feel straightforward until real life complicates them. Beyond the familiar deductions, the IRS has approved a ...