New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...

Once you turn 50, and especially after age 65, you may qualify for extra tax benefits. People 65 and older get a higher standard deduction and have higher income thresholds before they have to file ...

Learn how working after claiming Social Security can increase taxes, trigger Medicare IRMAA surcharges, and affect retirement income planning.

When it comes to their federal income tax returns, tens of millions of US households pay for tax preparation and filing. Yet ...

Here's a look at a couple of ways to measure "the top 10%" using the most recent official nationwide data available as of ...

New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.

Run the numbers: For 2025, the standard deduction is $31,500 for married couples and $15,750 for singles. If your total itemized deductions — including mortgage interest, charitable giving, and state ...

Dividend investing has an obvious appeal for retirees as you build a portfolio of income-producing stocks, collect regular payments, and never have to sell shares to fund your lifestyle. This means ...

Americans are getting bigger-than-usual tax refunds this year. Treasury Secretary Scott Bessent has been talking up this windfall for months, saying that it will help spark “a non-inflationary boom.” ...

The Social Security Fairness Act provided more than 2.8 million beneficiaries with higher payments. Here's what to know about ...

Most states don’t tax Social Security, but rules vary in the 8 that do. Get up-to-date exemptions, thresholds and new ...