Tax-filing season is officially open this year — and taxpayers age 65 and older may get an additional $6,000 deduction when ...

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

The Trump administration has ushered in a wave of tax changes which will cause significant updates to what Americans owe.

A new $6,000 tax deduction for seniors is available for the 2025 tax year. Learn the age, income, and filing requirements to claim this major tax break.

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules apply to many tax breaks.

“I think we are going to see distinct groups of winners...,” the founder of Illinois-based Powers Financial Group, told Newsweek.

Filing season is here-and the rules have changed. Whether you’re a single filer earning $50,000 or a married ...

Federal tax credits come in a number of flavors, including refundable, nonrefundable and partially refundable. Here’s what you should know heading into tax season.

The IRS audits very few returns, but mismatched income, overstated deductions, and easy-to-spot errors can still trigger IRS notices, reviews, and costly follow-ups.

The One Big Beautiful Bill Act introduced a new deduction called No Tax on Overtime for the 2025 tax filing season.