Sticker shock could be in your future.

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when filing a 2025 tax return.

Like most things in life, the new senior tax deduction is not all bad or all good. Here's what it looks like from several ...

Miss one and your tax bill could be higher than you bargained for.

Seniors 65 and older can claim a new federal tax deduction up to $6,000 for 2025, but it's not automatic. Learn how to get this tax break and avoid missing out.

It could make a noticeable difference to your tax refund this year.

If you were aged 65 and up before the end of 2025, you can take advantage of a new U.S. tax deduction up to $6,000. However, this provision is temporary, and to qualify you must claim it correctly ...

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax. Don’t panic just yet.

Almost a year ago, I wrote a CounterPunch article on how the social security cost of living increase was eroded by higher charges for Medicare coverage. That is again happening in 2026 as reported in ...

I have reviewed many of the new federal income tax changes for 2025. New Mexico also has a few new wrinkles. Much of what is discussed below is not new. But I have had various questions regarding ...