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

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 to choose the option that’s best for you.

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

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

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.

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

The "big beautiful" tax law lets older American couples potentially take up to $12,000 per year off their taxable income for ...

If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your ...