The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

The new 2025 tax bill signed by President Trump includes a federal deduction for overtime pay. Learn who qualifies, how much ...

Here, accountants and tax experts share the four deductions most people forget about that cost you money.

Middle-class retirees may qualify for powerful tax deductions in 2026. These seven strategies can lower taxable income and ...

The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily ...

A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a ...

The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.

The 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of ...