The new, temporary senior deduction gives taxpayers 65 and older who fall within income limits the opportunity to deduct up to $6,000 per person in income from their federal returns or up to $12,000 ...

On the individual income-tax return, known as Form 1040 or 1040-SR for seniors specifically, taxpayers simply have to check that they are 65 or older. The Internal Revenue Service will then ...

Tax season is underway, and the IRS expects 164 million people will file returns by April 15. If you file electronically, the IRS says it should take 21 days or less to receive your refund.

Eligible workers may claim between $649 and $8,046 on their tax return, depending on eligibility criteria. The amount of the ...

Wondering which tax credits and dedcutions apply to you this year? Here's an overview of qualifications, what's new this year ...

Resident aliens for tax purposes follow the same guidelines and use the same forms as U.S. citizens. You may not be required to file any tax forms at all if your gross income is below the minimums ...

Filing taxes is a daunting experience for many Americans, whether it's their first time or they've been doing it for decades. The digital age has made it a lot easier to download your tax documents ...

Do I have to pay taxes on my Social Security retirement benefits? I heard that President Trump’s "Big Beautiful Bill" eliminated that. What can you tell me? No, the new law, better known as the "One ...

No, the new law, better known as the ‘One Big Beautiful Bill Act’ did not eliminate Social Security taxes. It did, however, provide a temporary “senior bonus” deduction (starting in 2025 through 2028) ...