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

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

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

Many taxpayers will itemize deductions again on their 2025 federal tax return due to changes affecting the SALT deduction (State and Local Tax deduction). In this clip, we explain why ...

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

$6,000 senior tax deduction 2026: Over 58 million seniors can now claim a new $6,000 tax deduction in 2026. This "Senior Bonus" helps Americans aged 65 plus save money. Single filers earning under $75 ...

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 ...

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

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