The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.

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

Learn about IRS Publication 535, crucial for business owners to understand deductible expenses to reduce taxable income.

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

Millions could be eligible for Trump's "no tax on tips" deduction for the upcoming tax season. But some workers won't benefit ...

A new 2025 tax law reshapes key deductions, affecting SALT limits, seniors, and car loan write-offs for millions of Americans ...

Retirees may overlook valuable tax deductions that could lower their IRS bill. Learn eight commonly missed write-offs, ...

Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only ...

Middle-class retirees can save thousands with these seven critical tax deductions for 2026, including the new senior ...

With tax season approaching, the IRS is encouraging taxpayers to plan ahead and ensure proper documentation for key ...

These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong ...

Some of the most valuable tax breaks are also the ones most likely to draw extra attention if you get the details wrong. To keep legitimate write-offs while avoiding IRS scrutiny, I focus on how each ...