You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could impact your tax return this season.

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's ...

The 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of ...

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 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 ...

Donating to charity is a great way to show your giving spirit and can help save money at the same time if you follow key ...

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.

A corporation’s annual charitable contribution deduction cannot exceed 10% of the corporation’s taxable income Sec. 170 (b) (2) (A)), computed without regard to the following (Sec. 170 (b) (2) (D)): ...