For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

The IRS on Thursday announced adjustments it is making to a host of line items on your federal tax return for this year and next. Those updates are the result of changes in inflation, but also due to ...

Each spring, millions of taxpayers face a deceptively simple question — take the standard deduction or itemize? For those not versed in the lingo of taxes, the distinction can be confusing. But ...

Tax season in 2026 will look very different for older Americans filing 2025 returns, as a new wave of deductions reshapes how ...

Unlock overlooked tax deductions -- from medical costs to home office write‑offs -- to lower your taxable income and keep ...

The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. Each ...