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

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 ...

Some of the changes, passed in the Big, Beautiful Bill Act last year, impact returns this tax season. Here's a list of key ...

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

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

Starting your taxes? There’s a new break this year if you bought a car in 2025. Consumer Investigator Rachel DePompa shares ...

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

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.

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

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

Tapping into your home's equity can feel like a smart financial move, especially when interest rates on other types of debt ...