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

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.

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

Can you claim the home office tax deduction this year?

$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 ...

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

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

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