For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their federal return.

Eligible retirees could lower their federal taxes in 2026 with a new $6,000 senior bonus deduction. Here's how the deduction works and how to claim it.

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...

With the new 'senior bonus,' taxpayers 65+ can now stack deductions. Learn how to combine the standard, additional, and bonus deductions to reduce your taxable income.

The Internal Revenue Service published, for tax year 2025, a new schedule that taxpayers will use to realize important tax benefits of the One, Big, Beautiful Bill, including no tax on tips, no tax on ...

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what doesn't qualify.

It could make a noticeable difference to your tax refund this year.