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

For tax year 2026, the standard deduction will be $32,200 for married couples filing jointly. For single taxpayers and ...

The IRS announced updated inflation adjustments for the 2026 tax year, including new federal tax brackets and higher standard ...

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

A new 2025 tax law reshapes key deductions, affecting SALT limits, seniors, and car loan write-offs for millions of Americans ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

There's a higher SALT cap of $40,000 on property taxes, a higher child tax credit, new deductions for elderly residents, no ...

The One Big Beautiful Bill Act became law less than six months ago, but several major changes to the tax code have already ...

Most Americans may be better off waiting until 2026 to donate cash to their favoriite charities due to tax law changes.

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...