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

The new tax deduction on car loan interest is only available for tax year 2025 through tax year 2028. So, you can only use it ...

The new $6,000 retirement tax credit under the 2025 One Big Beautiful Bill Act could lower taxes for many seniors, but strict ...

New federal tax law allows deductions on tips and overtime starting with 2025 taxes Workers earning under $150K can deduct up to $25K in tips, $12.5K in overtime Qualifying jobs may include servers, ...

Every year, countless taxpayers leave money on the table during tax season simply because they aren't aware of all the deductions they qualify for. While many people know about the standard deductions ...

Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only ...

These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong. Here's how to get it right.

The day you’ve been dreading is approaching: Tax Day. To prepare for that ominous deadline — or see what you can do better next year — start organizing your finances and look for every single tax ...

But what is available this year are several homeowner tax breaks that don’t require a mortgage. Some are lesser-known ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...