Learn about new 2025 tax deductions and credits from the OBBBA, including overtime, senior and car loan breaks, so you can ...

A bigger standard deduction, changes in the itemizing rules and new temporary deductions all complicate the decision. Here’s how to choose the option that’s best for you. When it comes to federal ...

There are rules to a new tax deduction as to which vehicles qualify to save buyers on the interest paid on loans. Here are ...

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

Q. Hi, Dan. I don’t understand why people are talking about the new deduction for charitable gifts next year. Haven’t charitable gifts always been deductible? — Carl in Rockledge A. Carl, for millions ...

For older taxpayers, the new senior tax break is one of the most generous federal perks in years, effectively letting many retirees erase thousands of dollars of income from the IRS's reach.

The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful Bill Act, taxpayers 65 and older can claim an additional $6,000 without itemizing their ...

A new $6,000 tax deduction for Americans 65 and older could increase refunds for millions of older taxpayers, adding an average of about $670 to their after-tax income this year, according to AARP.