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.

Many Baby Boomers miss valuable tax deductions each year. Learn eight often-forgotten breaks, including a new $6,000 senior ...

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 ...

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 ...

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

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.” ...

When it comes to your finances, understanding the various components that make up your taxable income is crucial. Adjusted gross income (AGI) is a key element of that equation. It’s essentially your ...

IRMAA is a surcharge added to your Medicare Part B and Medicare Part D prescription drug coverage premiums if your income is ...

New York is urging families to check whether they qualify for expanded child and income tax credits worth thousands of ...