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 ...
If you're 65 or older, this could have a huge effect on your taxes this year.
Run the numbers: For 2025, the standard deduction is $31,500 for married couples and $15,750 for singles. If your total ...
A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...
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.
State revenue officials updated the guidance, saying most people should be OK using the current forms only if they take the standard deduction.
Many Baby Boomers miss valuable tax deductions each year. Learn eight often-forgotten breaks, including a new $6,000 senior ...
Common forms of tax relief include tax credits, deductions, penalty relief, and payment plans. Eligibility for tax relief ...