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

Social Security represents a major source of monthly income for many citizens, especially retirees. The "new" deduction will ...

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new overtime deduction.

Middle-class retirees can save thousands with these seven critical tax deductions for 2026, including the new senior ...

One of the more touted provisions of the President Donald Trump’s “Big Beautiful” tax and spending bill, which was signed into law this summer, was a new deduction that reduces taxes on overtime wages ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

Unlock overlooked tax deductions -- from medical costs to home office write‑offs -- to lower your taxable income and keep ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

The One Big Beautiful Bill Act, signed into law by Donald Trump on July 4, 2025, is set to reshape how millions of Americans ...

Cannabis businesses' wages are ineligible for business income deductions for pass-throughs because they sell controlled substances, according to the U.S. Tax Court. The ruling on Sept. 11, 2025 ...