The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

New tax rules for seniors bring bigger deductions, potential refunds & planning opportunities, with impacts on retirement ...

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could affect your tax return this season.

State revenue officials updated the guidance, saying most people should be OK using the current forms only if they take the ...