For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
A recently proposed tax law includes a 'bonus' deduction of up to $6,000 for taxpayers 65 and older. Learn how it works, who ...
Retirees are about to see one of the most significant federal tax changes in years: a new extra deduction that can cut ...
Benefits recipients could save $6,000 in federal taxes on their monthly payments. Here’s who is eligible to claim the ...
As 2025 comes to an end, it is an appropriate time to revisit state and local tax deductions and charitable giving plans. The One Big Beautiful Bill (OBBBA) introduced several updates that may ...
Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...