OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.

Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard ...

The 2026 tax season begins January 26. New laws change how much you owe. A family earning $73,000 can now pay $0 in federal ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...

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

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 — ...

For some retirees, the change could eliminate federal income taxes entirely, although many were already exempt from Social ...

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

Your filing status affects everything from your tax brackets to whether you have to file at all. Here’s how the rules work.

The new tax bill also temporarily raises the cap on the state and local tax (SALT) deduction to $40,000, up from $10,000. The ...