The 2025 increase in the standard deduction allows taxpayers to protect more income and potentially reduce their tax bill.

For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their federal return.

The new $40,000 SALT cap in 2025 could boost refunds for some taxpayers, making the choice between standard and itemized ...

April 15th — is less than two weeks away. And people are still mulling over what might have changed due to last year’s One ...

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

The standard deduction for couples who file jointly will jump $800 from last year, and heads of households will get a $600 boost. U.S. taxpayers will again see higher standard deductions for 2025, ...

Americans ages 65 years and older could save money by claiming the extra standard deduction this year, as well as another deduction triggered by the One Big Beautiful Bill Act. And some ages 60 to 63 ...

What this means for you: The new standard deduction reduces your taxable income, potentially leading to a lower tax bill. For ...

Taxpayers should prepare for major tax-policy shifts this year. Forbes’ expert contributors explain how — and when — key rule changes may affect you. With so many rule changes taking effect at once, a ...

If you're going to itemize your deductions, the mortgage interest deduction could be a tax-saving opportunity. Learn how the interest deduction works.

Seniors could get a bigger tax deduction this year, but the rules matter. Here's what to know before filing.