Taxpayers aged 65 and older are eligible for a $6000 deduction. Here's all on eligibility and how the deductions work with ...

OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.

Millions Head Into Tax Season With Changes to Forms and Deadlines This Year ...

For Americans 65 and older, the 2025 and 2026 tax years are unusually generous. A new senior-focused deduction stacks on top ...

Some people who’ve bought a new car recently might be eligible for up to a $10,000 deduction on their federal taxes. As part ...

For some retirees, the change could eliminate federal income taxes entirely, although many were already exempt from Social ...

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

If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your ...

The IRS said it expects 164 million individual tax returns to be filed.

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

The US Treasury is projecting that tax filers' refunds could be $1,000 higher on average than last year. But that is not just ...