The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

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

Your tax return could trigger an IRS audit if you're missing key tax forms, experts say. Here's a checklist of forms and when ...

$6,000 senior tax deduction 2026: Over 58 million seniors can now claim a new $6,000 tax deduction in 2026. This "Senior Bonus" helps Americans aged 65 plus save money. Single filers earning under $75 ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...

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

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

Run the numbers: For 2025, the standard deduction is $31,500 for married couples and $15,750 for singles. If your total ...

For members of the National Guard or military reservists, you can deduct partial travel expenses for attending meetings or drills more than 100 miles from home, even if you don’t itemize. You can ...