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

The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.

The new "Trump tax bill," as the BBB is also called, raises each of the 2025 standard deduction amounts from anywhere between ...

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

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

Most Americans may be better off waiting until 2026 to donate cash to their favoriite charities due to tax law changes.

The One Big Beautiful Bill brought several changes to personal income taxes. Learn what you need to know for the upcoming tax season.

The One Big Beautiful Bill Act became law less than six months ago, but several major changes to the tax code have already ...

The tax-and-spending bill includes several provisions that could have significant effects on your tax refunds come April – ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...