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

The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and cost-of-living adjustments.

It’s a decision that every taxpayer is faced with when choosing how to claim deductions on their federal tax return: Do you ...

OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.

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

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

States differ on whether to conform to HR-1, leaving taxpayers with a patchwork of rules depending on where they live.

New tax rules for seniors bring bigger deductions, potential refunds & planning opportunities, with impacts on retirement ...