New tax proposals aim to ease the burden on seniors by raising deductions for those over 65, offering potential relief from ...

This article was expert reviewed by Lisa Niser, EA, an enrolled agent and tax advisor. The standard deduction reduces the amount of your income that is federally taxed. The amount of the standard ...

Taking deductions when filing your taxes can reduce the amount you owe. But there are two different ways to claim deductions, ...

A new tax relief proposal could bring welcome financial breathing room to millions of seniors. The House Ways and Means ...

A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know.

The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, ...

Refundable credits can result in a refund if they exceed your tax bill, while nonrefundable credits only reduce what you owe to zero. Most taxpayers take the standard deduction, but itemizing can ...

It targets several clean energy tax credits implemented under the Democratic reconciliation bill passed under President Joe ...

Most of the time, you'll probably find that any given tax credit is "nonrefundable," meaning that it can only decrease your tax due closer to $0. Once you owe nothing, it can't keep going and increase ...

The bill would make key portions of the TCJA permanent and create a new "senior bonus" deduction, among its many provisions.

Taking deductions when filing your taxes can reduce the amount you owe. But there are two different ways to claim deductions, and the one you choose can impact how much you save. The far more ...