For Americans 65 and older, the 2025 and 2026 tax years are unusually generous. A new senior-focused deduction stacks on top ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the ...

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 ...

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...