The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.
You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...
A new $6,000 tax deduction for seniors is available for the 2025 tax year. Learn the age, income, and filing requirements to claim this major tax break.
The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's ...
The value of the child tax credit in 2025 (for tax returns filed in 2026) is $2,200, up from $2,000 in 2024. Going forward, the value of the child tax credit will be adjusted for inflation each year.