A new 'senior bonus' deduction could save you thousands on your 2025 taxes. Find out if you qualify for the $6,000 deduction ...

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

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

When retirees file their 2025 tax return by April of 2026, they may get very pleasant news. Many seniors who are 65 and over ...

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what ...

At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...

The overtime deduction is an option whether a taxpayer claims the standard deduction or itemizes deductions, such a deducting mortgage interest. It's a mixed bag when it comes to what employers are ...

This week’s Tax Breaks newsletter also looks at fantasy football winnings, car-related tax deductions, stock options, IRS Chief Counsel nod, Taylor Swift tax, tax filing deadlines, and tax trivia.