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.

This tax season, one of housing’s biggest breaks looks more lopsided than ever—and the second-home piece is drawing new ...

Here's a look at some of the most commonly assumed tax breaks that either no longer exist or simply don't work the way people expect any more.

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

A new $6,000 tax deduction for Americans 65 and older could boost refunds for millions of older taxpayers, putting an average of about $670 more in their pockets this year, according to advocacy group ...

These changes, which take effect this year, are designed to provide tax relief across a broad range of categories, from working Americans and seniors to business investment and family support. Notices ...

WASHINGTON — With tax season underway, Maryland residents could see more cash returned to them because of federal tax laws that were enacted last year — but whether it’s a subtle bump or a larger ...

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony ...

Jan. 10 (UPI) --More than 1,000 protests are planned across the country following federal officer-involved shootings of a woman in Minneapolis on Wednesday and two others in Portland on Thursday. The ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Johner Images/Getty Images A new ...

Millions of Americans are expected to receive larger tax refunds this year courtesy of President Donald Trump’s “Big Beautiful Bill.” The Tax Foundation, a nonpartisan think tank, estimates that the ...