For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

Turning 65 comes with a tax perk! Learn about the extra standard deduction for seniors, the 2025 amounts, and how it can ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

This deduction could significantly reduce tax bills for millions of tipped workers, but only if they maintain accurate records. One expert explains how you can ensure you get this tax break this year.

The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and refunds in the next tax filing season.

While tax season won't start for at least another month, and most taxpayers won't need to file their 2025 tax returns until ...