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 OBBBA created a new tax deduction for seniors worth up to $12,000 for joint filers. Find out who qualifies, the income limits, and how it impacts your 2025 return.

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

Many Baby Boomers miss valuable tax deductions each year. Learn eight often-forgotten breaks, including a new $6,000 senior ...

Some of the changes, passed in the Big, Beautiful Bill Act last year, impact returns this tax season. Here's a list of key ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

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.

If you have kids, are over 65, have bought a new car, or get tips, there is a tax deduction for you.

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