Perhaps the most noteworthy aspect of the OBBB is the new deduction for seniors across America. Taxpayers who are 65 or older ...

The IRS unveils 2025 standard deductions, with inflation adjustments and new provisions affecting millions of taxpayers’ finances ...

The IRS adjusts its tax provisions for inflation every year, which can help taxpayers avoid so-called "bracket creep." ...

Working middle-income Americans won’t need to itemize to claim these tax deductions and credits — if you qualify.

President Donald Trump’s “One Big Beautiful Bill” quadruples the state and local tax (SALT) deduction cap to $40,000. Sounds ...

The extra standard deduction, available for seniors, continues to provide valuable tax benefits in 2023 and is expected to do so in 2024. TRAVERSE CITY, MI, US ...

No receipt? No problem. These deductions don't need a "proof of purchase" to be claimed once tax season comes around. Read on ...

Question: Is it worth going through the effort of adding up all my out-of-pocket medical expenses, charitable contributions and other items or should I just take the standard deduction for 2024?

If you're married (or plan to tie the knot soon), make sure you're aware of these tax moves that typically don't apply to ...