You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

The bonus reduction will add $670 to the after-tax income of seniors on average.

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

If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your ...

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could impact your tax return this season.

When tax season rolls around, deductions and credits can make a real difference in how much you owe -- or how much you get ...

Here’s what’s new for the 2025 tax returns, even if nothing changed, there are several changes to various deductions for filing a return.

The standard deduction and SALT cap are both higher and there are new perks for seniors, those who financed new cars and ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...

Confused about tax relief? Learn what tax relief means, how IRS programs work and what options may help reduce or manage your tax bill.