Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

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

The much-touted new tax breaks for tips, overtime, seniors and car loan interest have a lot of income tax filers expecting a ...

The IRS raised the senior tax deduction for 2025. Here’s who qualifies, how much you can claim, and what retirees should know before filing.

If your taxable income is too low, you may not benefit from the new $6,000 tax deduction.

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.

When retirees file their 2025 tax return by April of 2026, they may get very pleasant news. Many seniors who are 65 and over ...

At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...

The day you’ve been dreading is not too far away: Tax Day. To prepare for that ominous deadline — or see what you can do better next year — start organizing your finances and look for every single tax ...