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

No one enjoys tax time, but it can be especially stressful if you're retired and living on a fixed income. An unexpected bill or a smaller refund than anticipated can throw off your entire budget, ...

If you are in the process of filing 2025 state and federal income tax returns, you may be stumped by the decision to either file using standard deduction or spend the extra time and effort needed to ...

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 ...

Senior couple using laptop while sitting on sofa in living room at home Fort Myers, Florida Mar 9, 2026 (Issuewire.com) At American Tax Service, we have published a new guide explaining the 2026 ...

It's a decision that every taxpayer is faced with when choosing how to claim deductions on their federal tax return: Do you take the standard or do you itemize? Making the right choice could mean more ...