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 ...

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.

Here's what to know about a tax credit vs. deduction, including how each works and how they can reduce your tax bill and improve your tax refund amount.

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...

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 ...

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

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 Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

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