Seniors could keep more money with new tax break phasing in for 2025 returns. The extra deduction helps lower- and ...

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

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

Social Security recipients will see a 2.8 percent boost in cost-of-living adjustment (COLA) for 2026, raising the average retirement benefit by $56 a month.

When filing your taxes, there are ways to minimize your taxable income — commonly known as a tax write-off. While many people have heard of tax write-offs, they may not ...

Americans who are 65 and older got a hefty new tax break under the massive tax bill that President Donald Trump signed into law on July 4: A new bonus deduction that’s worth as much as $6,000 per ...

The IRS has increased the standard deduction for the 2026 tax year. Find out the new amounts and how this change could lead ...

American retirees could see lower tax bills beginning in 2026 under President Donald Trump’s new tax law, the One Big Beautiful Bill Act. The law expands deductions for tips, overtime pay, and car ...

Is rent a tax deduction? You generally cannot deduct rent from federal income taxes but some states offer a renter's credit.

A new federal law enacted last year provides a tax benefit to employees who receive overtime pay – but calling it a “No Tax on Overtime” law is a ...

New 2026 gambling tax limits loss deductions to 90%, raising taxes for bettors. Learn how Congress is responding and what ...