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 ...

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

Nearly seven in 10 adults age 65 and over will require long-term care services at some point. Long-term care insurance can help ...

American taxpayers aged 65 and older will receive a new $6,000 bonus tax deduction next year as part of President Donald Trump’s One Big Beautiful Bill Act. The temporary deduction comes alongside ...

The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...

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 ...

Many homeowners miss valuable savings at tax time. Here are 8 little-known tax deductions every homeowner should know about to lower their bill and keep cash.

Your filing status affects everything from your tax brackets to whether you have to file at all. Here’s how the rules work.