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 ...

Here's what to know about a tax credit vs. deduction, including how each works and how they can reduce your tax bill and improve your tax refund amount.

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 ...

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

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...

A 529 college savings plan offer many tax advantages, so how can you determine what's for your child's education in the long ...

Tax avoidance strategies aren’t solely for the rich — plenty of tax deductions and credits are available for middle- and low-income taxpayers to seize too.

Wondering how much tax relief you can claim? Learn how IRS credits, deductions, payment plans and settlements affect the ...

Forbes contributors publish independent expert analyses and insights. I write about charitable giving and estate planning ideas. The One Big Beautiful Bill Act (OBBBA) is now law. One of the myriads ...

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

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...