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

Tax season is here, but some retirees will be left out of the new senior tax deduction.

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

Many taxpayers do not see the full benefit of new tax deductions for seniors, tips, overtime and car loan interest due to ...

A new tax deduction allows buyers to claim up to $10,000 a year on interest paid for new, American-made cars. The deduction applies to qualifying vehicles purchased between Jan. 1, 2025, and Dec. 31, ...

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

Nearly 20 million returns have already claimed President Donald Trump's "no tax on overtime" deduction. Here's what the ...

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing. But not everyone is eligible.

While above-the-line adjustments are available to those who itemize and those who take standard deduction, there are possible ...

Robert Goulder and Joseph Thorndike of Tax Notes trace the origins of the state and local tax deduction from its early role ...

Financial advisor fees are not tax-deductible now, but there are still tax benefits from working with an advisor.