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

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...

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.

Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard ...

While the Treasury projects an average increased tax refund across all households in 2026, the reality for homeowners varies dramatically.

Some people who’ve bought a new car recently might be eligible for up to a $10,000 deduction on their federal taxes. As part ...

The 2026 tax season kicks off this week as the Internal Revenue Service begins accepting the first of what is expected to be ...

Tax experts spoke with the Daily Mail to bust some of the biggest myths around tax filings and refunds. People have until ...

The promise of financial relief for seniors has arrived, packaged in the form of a new tax deduction. Roughly 34 million ...

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.

The standard deduction for single taxpayers increased to $15,750 for tax year 2025. It also increased to $23,625 for the head ...