Here's what you can deduct if you aren't itemizing, along with tax brackets, senior deductions including the phaseout ramp, ...

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

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

The IRS announced updated inflation adjustments for the 2026 tax year, including new federal tax brackets and higher standard ...

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

With the new year comes new laws, and there are several that will impact your wallet; specifically, new laws concerning the ...

Social Security represents a major source of monthly income for many citizens, especially retirees. The "new" deduction will ...

For tax year 2026, the standard deduction will be $32,200 for married couples filing jointly. For single taxpayers and married individuals filing separately, the standard deduction rises to $16,100 ...

Social Security numbers (SSNs) must be shown on the return for each child for whom the credit is being claimed, but also, new ...

The IRS has announced that the 2026 standard mileage rate for business use is 72.5 cents per mile, the highest rate on record. Medical and military moving rates dipped.