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

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

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

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

The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.

Tapping into your home's equity can feel like a smart financial move, especially when interest rates on other types of debt ...

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 ...