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.
Many people will be thrilled to see larger-than-usual federal income tax refunds — some may end up $500 to $1,000 bigger than ...
Americans are getting bigger-than-usual tax refunds this year, with an estimated $90 billion to $100 billion increase in ...
The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.
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 ...
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 ...
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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