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 ...

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

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

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 ...

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

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily ...

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

New IRS rules for 2026 raise the standard deduction and adjust brackets, putting more money back in your pocket through lower ...

Donating to charity is a great way to show your giving spirit and can help save money at the same time if you follow key ...

A 529 college savings plan offer many tax advantages, so how can you determine what's for your child's education in the long ...