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.

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

The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

Filing season is here-and the rules have changed. Whether you’re a single filer earning $50,000 or a married ...

OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.

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

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could affect your tax return this season.

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

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.

Trump's One Big Beautiful Bill Act could change tax refunds in every state. See how new deductions and credits may affect ...