Turning 65 doesn't just mark a milestone in life, it can also unlock valuable tax savings. The IRS grants seniors an extra ...

A new tax break under the ‘One Big Beautiful Bill Act’ gives Americans 65 and older a larger standard deduction to help ...

Tax credits and tax deductions both decrease what you owe the IRS, but in different ways. Here's the difference, and how you can make them work for you.

Recent tax changes, including an extra $6,000 deduction for those 65 and older, present a golden opportunity for retirees to ...

Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to ...

President Trump promised to eliminate Social Security taxes for senior years, along with tipped wages and overtime. Some of ...

The IRS on Thursday announced adjustments it is making to a host of line items on your federal tax return for this year and next. Those updates are the result of changes in inflation, but also due to ...

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...

The 'Big, Beautiful Bill' increases some major tax deductions for the 2025 tax year, but also ends other credits. The bill raises the standard deduction by $750 to $1,125 for taxpayers who don't ...

The IRS has increased the capital gains tax income thresholds for 2026. You'll need this information to help minimize your ...