If a client will be claiming a significant amount of tax deductions or credits in 2026 — including RRSP contributions or ...

Many taxpayers rely on relatives to prepare their returns because it feels practical. A family member may have accounting ...

The RRSP deduction limit for 2026 has increased, giving Canadians more room to save for retirement while reducing their ...

Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only modest savings. By Adam Sella Reporting from Washington As President Trump ...

New tax changes under the One Big Beautiful Bill Act will impact how donors can claim charitable deductions starting in 2026. RELATED: Year-end tips from Ask Anna Tax A tax expert, Anna Dilley of Ask ...

Seniors relying on Social Security may have a new tax deduction in 2026. President Donald Trump’s One Big Beautiful Bill created a $6,000 deduction for seniors on top of the current standard deduction ...

Many Americans are likely to see massive changes to their taxes in 2026, especially seniors. That’s largely due to President Donald Trump’s so-called big, beautiful bill, a massive 940-page bill ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

American taxpayers aged 65 and older will receive a new $6,000 bonus tax deduction next year as part of President Donald Trump’s One Big Beautiful Bill Act. The temporary deduction comes alongside ...

The rush is on to make year-end tax moves for 2025. Most taxpayers should focus first on strategies for their state and local tax deductions (SALT) and charitable donations, as detailed in my last Tax ...

Christine Benz: Hi, I’m Christine Benz for Morningstar. People who are 65 and older may be able to take advantage of a new senior deduction starting in 2025. Joining me to discuss what you need to ...

The OBBBA creates a $6,000 annual deduction for taxpayers 65 and over starting in 2025. The deduction phases out for income above $75,000 (single) or $150,000 (joint). The tax break expires in 2028, ...