A new senior tax deduction comes with income limits, filing restrictions and other requirements to be aware of. Elena ...

What is the standard deduction? Most taxpayers claim the standard deduction, a fixed amount you can deduct to reduce your taxable income and lower your federal tax bill. Unlike itemized deductions, ...

The IRS raised the senior tax deduction for 2025. Here’s who qualifies, how much you can claim, and what retirees should know before filing.

You sit down to file your taxes, click through your software, and accept the standard deduction without giving it a second ...

SATURDAY. THANKS, DALENCIA. WELL, IN THIS MORNING’S CONSUMER ALERT TAX SEASON IS NOW UNDERWAY AND THERE ARE PLENTY OF CHANGES THIS YEAR TO KEEP IN MIND. JOINING US LIVE THIS MORNING TO ANSWER YOUR ...

Act soon to maximize benefits or minimize hits from last year’s tax changes, especially for charitable deductions, 529 ...

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What ...

Tax time could be a little less stressful this year for some retirees, thanks to the new senior tax deduction introduced in President Trump's "big, beautiful bill." But it's important to be clear ...

Older adults who face a financial crunch may be happy to know that 2025 federal income tax returns offer a way to get more tax refund cash for those 65 and older. You'll need to qualify — and make ...