Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

If your taxable income is too low, you may not benefit from the new $6,000 tax deduction.

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what doesn't qualify.

When retirees file their 2025 tax return by April of 2026, they may get very pleasant news. Many seniors who are 65 and over will receive a substantially larger tax refund or will pay substantially ...

One of the ways to reduce your liability this tax year is to decrease your taxable income. And the best way to do this is by taking advantage of tax ...

Home improvements can make your home more comfortable, raise its value and lower energy costs over time. Some projects may also qualify for tax credits or deductions. These tax breaks can reduce what ...

At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...

Splitero reports homeowners should review tax deductions and credits before filing 2025 returns, including itemizing vs.