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

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

If you're 65 or older, this could have a huge effect on your taxes this year.

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 ...

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

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.

Some of the changes, passed in the Big, Beautiful Bill Act last year, impact returns this tax season. Here's a list of key ...

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

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

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