Tax season in 2026 will look very different for older Americans filing 2025 returns, as a new wave of deductions reshapes how ...

The $6,000 bonus deduction first applies to the 2025 tax year, which is filed in 2026. The regular and extra standard deductions for seniors, as adjusted for inflation, will apply to the 2026 tax year ...

A new $6,000 senior tax deduction could wipe out federal taxes for many Americans aged 65 and older. Payment schedules shift.

Plus: Claiming pets–and people–as dependents, Health Savings Accounts, charitable giving and tax deductions, tax filing ...

We break down the IRS rules for non-cash charitable contributions. Plus, here's a handy checklist before you donate to ...

Thanks to Trump's spending bill, taxpayers in the U.S. can expect no taxes on overtime and tips beginning this upcoming tax ...

As 2025 comes to an end, it is an appropriate time to revisit state and local tax deductions and charitable giving plans. The One Big Beautiful ...

Sen. Josh Hawley (R-Mo.) is pushing a new “No Taxes on Healthcare Act” that would let households deduct up to $25,000 in ...

Year-end planning can significantly boost the benefits of new tax changes, helping taxpayers reduce liabilities and maximize ...

President Trump discussed his "no tax on tips" plan in January. The IRS has released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA) ...