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 ...

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

Taxes usually feel straightforward until real life complicates them. Beyond the familiar deductions, the IRS has approved a ...

Here's what to know about a tax credit vs. deduction, including how each works and how they can reduce your tax bill and improve your tax refund amount.

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...

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 ...

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules apply to many tax breaks.

Discover some top 2026 tax strategies. These income timing, retirement planning and smart investing moves could help cut ...

Federal tax credits come in a number of flavors, including refundable, nonrefundable and partially refundable. Here’s what you should know heading into tax season.

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