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

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

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

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...

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 ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

Don't worry if you tossed a few receipts this year. These tax deductions can still be claimed in 2026 with bank statements or ...

Taxpayers aged 65 and older are eligible for a $6000 deduction. Here's all on eligibility and how the deductions work with ...

Plus: TikTok tax advice, gambling losses, fixing Forms 1099, claiming the standard deduction, Taxes From A to Z, tax filing ...

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's ...