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 ...

Retirees can save more by claiming often-overlooked tax deductions. Explore 12 key write-offs that may lower your tax bill and help stretch retirement income.

Taxpayers aged 65 and older are eligible for a $6000 deduction. Here's all on eligibility and how the deductions work with ...

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

The SALT cap increases to $40,000 for 2025 — up from $10,000 in 2024. The maximum deduction phases down at higher income ...

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...

Donating to charity is a great way to show your giving spirit and can help save money at the same time if you follow key ...

The 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of ...