Seniors 65 and older can claim a new federal tax deduction up to $6,000 for 2025, but it's not automatic. Learn how to get ...

The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and ...

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

From student loan interest to home office deductions, these overlooked tax credits and breaks could help busy millennials ...

Even if you’re below the income threshold for 2025, tax credits and excess withholding could result in a tax refund, making filing a tax return worth your time.

Americans say it takes $2.3 million to be wealthy, but income alone doesn't tell the full story. Net worth, debt, and financial flexibility matter just as much.

Tax season is fast approaching, here's all the tax bracket data to know for Michigan and at the Federal level.

GoodRx reports seven overlooked medical expenses that are tax-deductible, including acupuncture and medical transportation, ...

Converting a traditional IRA to a Roth IRA sounds straightforward: pay taxes now, enjoy tax-free growth later. But the conversion creates income that ripples through the tax code in unexpected ways.

Retirees will see a nice change to their returns this year.

From filing thresholds and scholarships to education credits and student loan deductions, here’s how tax year 2025 looks for college students.

The state Senate passed a 9.9% tax on income over $1 million, projected to raise $3.5 billion annually, as critics blasted a ...