The 2025 increase in the standard deduction allows taxpayers to protect more income and potentially reduce their tax bill.

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

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

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

When filing a federal tax return, Americans face a key choice that can directly affect how much they owe—or how much they get ...

The One Big Beautiful Bill Act introduced a new tax deduction that many retirees can take advantage of. While the deduction ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. NEW YORK (AP) — When tackling your taxes, it ...

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

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