It's likely to turn into one wild and wonky tax season. Many people will be thrilled to see larger-than-usual federal income tax refunds — some may end up $500 to $1,000 bigger than a year ago — ...

Here's when the IRS and Ohio will start accepting returns, how to deduct overtime and tips, the 2025 tax brackets, and when ...

Witness testimony ended Tuesday in the trial of a former Uvalde, Texas, school police officer accused of failing in his duty to stop a gunman in the critical first minutes of the 2022 Robb Elementary ...

What is the standard deduction? Most taxpayers claim the standard deduction, a fixed amount you can deduct to reduce your taxable income and lower your federal tax bill. Unlike itemized deductions, ...

President Donald Trump's "big beautiful" tax law provides a new senior "bonus" or deduction of up to $6,000 per individual or $12,000 for married couples. The temporary deduction applies to taxpayers ...

Benjamin Franklin famously quipped that there’s nothing certain in life other than death and taxes. Any changes to the latter pique the interest of most Americans. As it does annually, the IRS ...

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 ...

A new, temporary 'senior bonus' will enable many taxpayers age 65 and older to deduct up to $6,000 in income from their federal returns. You must file a new Schedule 1-A. The new enhanced deduction ...

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 ...

Add Yahoo as a preferred source to see more of our stories on Google. Question : I will turn 65 in March. If I wait until then to file my federal income taxes, can I get the bigger senior deduction ?

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 ...

Add Yahoo as a preferred source to see more of our stories on Google. WASHINGTON (AP) — US to withdraw from over 65 international organizations as Trump administration further retreats from global ...