The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and cost-of-living adjustments.

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

The new senior tax deduction ushered in by the 'Big, Beautiful Bill' is worth up to $6,000 per qualified filer.

The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

The IRS released the 2026 standard deduction amounts you’ll use for your 2026 tax return — and they're higher than ever. The IRS adjusts these amounts for each filing status every year. And since ...

Many new tax breaks aren't automatic, including a tax break on tips, overtime, car loan interest or a bonus for those 65 and older. We are not heading anywhere close to tax simplification. It's likely ...