If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

Understanding what deductions are coming out of your pay is key to knowing where all your money is going. More importantly, ...

The standard deduction is a popular way for taxpayers to reduce their taxable income. Your deduction amount depends on your age, filing status and other factors. Many, or all, of the products featured ...

Taken together with the inflation measure the IRS uses, the agency says that—on average—the inflation-adjusted tax numbers ...

Changes to the Child tax Credit, taxes on tips, and overtime should all be considerations as individuals file their taxes for ...

You don't need to itemize to save on taxes in 2026. These 13 overlooked deductions and adjustments can lower your taxable ...

Trump predicts record tax refunds in 2026. Here’s how new tax laws, withholding changes, and timing could mean a bigger ...

For retirement savers and retirees, the new year brings more than the usual inflation adjustments to retirement contributions ...

With the One Big Beautiful Bill and retirement legislation called Secure 2.0, the new year has more than just inflation ...

There's a higher SALT cap of $40,000 on property taxes, a higher child tax credit, new deductions for elderly residents, no ...

When you file your federal income tax return, you have two choices: take the standard deduction or itemize your deductions. According to the IRS, most taxpayers use the option that lowers their tax ...