For many older Americans, taxes feel less predictable than they used to. Income drops after retirement, but costs rarely do.

The IRS provides student loan interest deduction that lets borrowers subtract some of the payments from their taxable income.

A new $6,000 senior tax deduction has been hailed as long-overdue relief for older Americans feeling squeezed by rising costs. After years of grappling with growing property tax bills, soaring ...

Families with children under 17 will also see an increase in benefits. The child tax credit has been increased to $2,200 per ...

Simple W-4 adjustments and new deductions for tips, overtime and seniors could add $200+ monthly to take-home pay starting ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. It includes two federal tax deductions for a portion of an eligible worker’s tips and overtime earnings.

The first tax season under President Trump’s One Big Beautiful Bill Act is fast approaching – and most filers can expect a slew of fresh and enlarged deductions that will result in bigger refund ...

It has now become a yearly ritual that members of Congress and White House officials offer proposals to limit or even eliminate charitable tax deductions. And, as a part of the ritual, nonprofit ...