Now that your 2025 tax return has been filed — hopefully so, anyway — it’s possible you’d rather think of almost anything else. But while the topic is fresh in your mind, it’s worth considering ...

For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their federal return.

New tax deductions for overtime pay, tips, seniors, and car loan interest don’t disappear immediately when income crosses a line. Some deductions, such as one for those 65 and older, end up being ...

A bigger standard deduction, changes in the itemizing rules and new temporary deductions all complicate the decision. Here’s how to choose the option that’s best for you. When it comes to federal ...

On Tuesday, the Internal Revenue Service announced its annual inflation adjustments for 2025, including updates to the federal income tax brackets and standard deduction. The standard deduction — ...

Many people worry about losing tax benefits as they get older, especially when income becomes more predictable in retirement. With the new **senior bonus deduction**, you have additional ways to ...

New tax deductions for overtime pay, tips, seniors and car loan interest don’t disappear immediately when income crosses a line. Some deductions, such as one for those 65 and older, end up being ...

Recent legislation includes several new deductions and credits that may reduce tax bills or increase refunds, the IRS announced on Jan. 6. Beginning in 2025, to be eligible to claim certain credits ...

The IRS has announced the annual inflation adjustments for the year 2026, including tax rate schedules, tax tables and cost-of-living adjustments. These are the official numbers for the tax year ...

Under the One Big Beautiful Bill Act (OBBBA), for tax years 2025-2028, eligible individuals can claim deductions for qualified tips. The IRS recently issued final regulations that clarify what ...