A new $6,000 IRS deduction could lower taxable income for retirees this year. Learn who qualifies, how it works, and what ...

The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and increased health care and housing costs.

A new tax deduction for people over age 65 has some thinking about Medicare premiums and MAGI strategy.

This new deduction applies to 2025 through 2028 federal income tax returns. To qualify for the deduction, the interest must ...

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary overtime deduction.

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

The One Big Beautiful Bill Act passed the House on July 3, and was signed into law by President Donald Trump on July 4. Here’s a detailed look at what’s changed—and how it might impact you. (Author’s ...