You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

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

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

Taxpayers aged 65 and older are eligible for a $6000 deduction. Here's all on eligibility and how the deductions work with ...

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.

If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your ...

Donating to charity is a great way to show your giving spirit and can help save money at the same time if you follow key ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly influence how much tax a taxpayer finally pays ...