The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.

The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.

The new, temporary senior deduction gives taxpayers 65 and older who fall within income limits the opportunity to deduct up ...

CNBC’s Sharon Epperson explains the standard deduction for 2025 tax returns. For more Tax Tips, go to cnbc.com/money101 to ...

State revenue officials updated the guidance, saying most people should be OK using the current forms only if they take the ...

Middle-class retirees may qualify for powerful tax deductions in 2026. These seven strategies can lower taxable income and ...

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...