The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.
Young and the Invested on MSN
No tax on overtime – do you qualify?
"No Tax on Overtime" – Do You Qualify?
The new, temporary senior deduction gives taxpayers 65 and older who fall within income limits the opportunity to deduct up ...
The 2026 tax season kicks off this week as the Internal Revenue Service begins accepting the first of what is expected to be ...
Finance Strategists on MSN
The 2026 tax season checklist: Every form you might need to file
Master tax filing. Learn about primary forms, supplementary schedules, special situations, miscellaneous forms, and more.
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 SALT cap increases to $40,000 for 2025 — up from $10,000 in 2024. The maximum deduction phases down at higher income ...
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.
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