Older taxpayers now have access to some of the most generous standard deduction rules on record, and the stakes are high for ...

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

The Internal Revenue Service (IRS) has introduced the redesigned 1040-SR form for seniors for the 2023 and 2024 tax years. TRAVERSE CITY, MI, US, August 4, 2023 ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...