Key Takeaways Senator Cory Booker's "Keep Your Pay Act" proposes raising the standard deduction to $75,000 for married couples filing jointly.The proposal includes increasing the child tax credit and ...

In many cases, you need receipts to prove you are entitled to a particular tax deduction. Here are some exceptions to that ...

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

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

The One Big Beautiful Bill Act (OBBBA) included a number of changes to the tax code, including a larger standard deduction, a boost to the Child Tax Credit and a new deduction for taxpayers 65 and ...

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what doesn't qualify.

It could make a noticeable difference to your tax refund this year.