For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.

Retirees may overlook valuable tax deductions that could lower their IRS bill. Learn eight commonly missed write-offs, ...

Many taxpayers might miss these valuable tax deductions and credits for 2026, from HSA contributions to the new senior ...

Benefits recipients could save $6,000 in federal taxes on their monthly payments. Here’s who is eligible to claim the ...

Several changes are favorable for broad participation, while others trim deductions for higher-income households. Planning ...

The Republicans' signature tax cut and spending package – dubbed the "big, beautiful bill" – that was signed into law last week touts tax deductions on tips and overtime pay, and also includes a tax ...

Choosing to buy a new car over a used one can help cut down on the maintenance costs that often accompany previously-owned vehicles. But new vehicles can also be a lot more expensive to purchase, ...