The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

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 ...

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.

The 2025 Trump tax law introduced several new above-the-line deductions. Learn if you can deduct interest on your car loan, tip income, or overtime pay on your 2025 return.

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...

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

The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.

If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your ...

A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a ...

Middle-class retirees may qualify for powerful tax deductions in 2026. These seven strategies can lower taxable income and ...

The IRS said it expects 164 million individual tax returns to be filed.

If you've recently gone into business for yourself, don't miss these sometimes overlooked credits and tax deductions for the self-employed.