The IRS offers special tax breaks for seniors that can save you thousands as you get older. Here's what you need to know for tax filing year 2025 to 2026.

The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful Bill Act, taxpayers 65 and older can claim an additional $6,000 without itemizing their ...

Tax rules in 2026 tilt even more heavily toward people who take the standard deduction, thanks to new above the line write ...

This article is written by Carole C. Foos, CPA, and David B. Mandell, JD, MBA, OJM Group.Choosing the form and structure of one’s ophthalmology practice is an important decision. Most advisors to ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Illustration ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

It’s nearly the end of the year, the traditional time for giving but before opening your wallet, you should know how tax rules are changing so you can maximize your gifts. Itemizers should hit fast ...

This article is written by Carole C. Foos, CPA, and David B. Mandell, JD, MBA, OJM Group.Choosing the form and structure of one’s gastroenterology practice is an important decision. Most advisors to ...