Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...
Here's a look at some of the most commonly assumed tax breaks that either no longer exist or simply don't work the way people expect any more.
Seniors could keep more money with new tax break phasing in for 2025 returns. The extra deduction helps lower- and ...
Millions of Americans over 65 will qualify for a new $6,000 deduction on their 2025 tax returns. This added relief comes as older adults continue to face mounting financial pressure from rising food, ...
A new $6,000 deduction for senior citizens and less taxes on tips and overtime are some of the biggest changes for your 2025 tax return. Peter is a writer and editor for the CNET How-To team. He has ...
Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...
Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...
If you made a qualified purchase for your business this year, you may be able to deduct the entire expense from your 2025 ...
Standard Deduction EXPLAINED: When it comes to understanding your income tax liability in India, one simple and often ...
The secret to winning the 2026 tax season is realizing that, if you're smart about it, your home is essentially a giant tax ...