The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

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

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

Middle-class retirees may qualify for powerful tax deductions in 2026. These seven strategies can lower taxable income and ...

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.

Changes to the state and local tax (SALT) deduction in the so-called 'big beautiful bill' have put this tax break in the ...

The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily ...

The IRS said it expects 164 million individual tax returns to be filed.

A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a ...

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's ...