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

For many older Americans, taxes feel less predictable than they used to. Income drops after retirement, but costs rarely do.

Seniors could keep more money with new tax break phasing in for 2025 returns. The extra deduction helps lower- and middle-income retirees facing rising costs.

As Treasury Secretary Scott Bessent announced last year, taxpayers will receive “very large refunds,” in his own words, ...

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

The One Big Beautiful Bill included sweeping tax law changes. Here are several key changes individual taxpayers need to know ...

Tax deductions reduce your total taxable income, also called your adjusted gross income. The Internal Revenue Service offers both personal and business deductions, but business deductions must be ...

Two types of tax breaks stand out among all the lingo: credits and deductions. Each lowers your tax liability, which is the total annual tax owed on your income. (That figure can be found on line 24 ...

There is an above-the-line deduction available for many individual taxpayers for qualified tuition and related expenses. The deductible expenses are defined in the same manner as they are for the ...

Learn how to deduct casualty and theft losses on your taxes effectively. Understand eligibility, criteria, and the filing ...

A new tax break known as the “Production Deduction” was signed into law by President Bush late last year and is effective for years beginning after Dec. 31, 2004. Construction contractors and ...