A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...

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

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 ...

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 ...

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

The One Big Beautiful Bill Act allows taxpayers 65+ to claim an extra $6,000 deduction in 2025.

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary overtime deduction.

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

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

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