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

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

Social media posts claim President Donald Trump just signed a bill that would allow for home gyms to be tax deductible. They are false.

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

The Internal Revenue Service announced the new standard mileage rate for 2026. These rates apply to 2026 tax returns that ...

Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to bigger tax refunds. That’s if they play their cards right on the SALT ...

President Donald Trump’s One Big Beautiful Bill Act, which was recently signed into law, offers Americans a number of tax benefits. It makes many of the changes from the Tax Cuts and Jobs Act (TCJA) ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

Social media posts claim President Donald Trump just signed a bill that would allow for home gyms to be tax deductible. They ...