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 IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...

Donating to charity is a great way to show your giving spirit and can help save money at the same time if you follow key ...

Around 100 million Americans are urged to check if they’re eligible for a new tax credit that rewards buyers of American-made ...

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax ...

Taxes usually feel straightforward until real life complicates them. Beyond the familiar deductions, the IRS has approved a ...

Here's what to know about a tax credit vs. deduction, including how each works and how they can reduce your tax bill and improve your tax refund amount.

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules apply to many tax breaks.

Explore tax-advantaged accounts to reduce your tax burden and grow savings. Learn the benefits of IRAs, 401(k)s, Roth IRAs, and more for a smarter financial future.

The 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of ...