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 ...
The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.
The "big beautiful" tax law lets older American couples potentially take up to $12,000 per year off their taxable income for ...
President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could affect your tax return this season.
State revenue officials updated the guidance, saying most people should be OK using the current forms only if they take the ...