Many people will be thrilled to see larger-than-usual federal income tax refunds — some may end up $500 to $1,000 bigger than ...

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

The Reality Behind the Income Thresholds Here's the thing most people don't realize about the new senior deduction: single ...

Changes stem from a tax bill signed into law last July by President Donald Trump, commonly referred to as the “One Big ...

You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.

While the increased tax savings will feel good for now, it could affect the future of Social Security benefits.

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

The IRS is set to begin accepting and processing 2025 tax returns on Jan. 26. What to do to avoid delays and mistakes as new ...

a new temporary $6,000 "senior bonus" deduction (or $12,000 for couples). The deduction is temporary, it will be effective for tax year 2025 to 2028. This is just one of several changes when it comes ...

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, ...