The IRS has updated standard deduction amounts for 2026 to reflect inflation and recent law changes, helping taxpayers avoid ...

Older taxpayers now have access to some of the most generous standard deduction rules on record, and the stakes are high for ...

The One Big Beautiful Bill Act is making several major impacts on 2026 tax returns. Here are six notable changes that filers ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

The tax code changes add a $6,000 deduction for taxpayers over 65 years old with a phaseout for taxpayers earning more than $75,000 a year or $150,000 a year for those married and filing jointly. This ...

Child Tax Credit: This tax credit increases by $200 year over year, to $2,200 per child for the 2025 tax year. It applies to ...

Social Security recipients will see a 2.8 percent boost in cost-of-living adjustment (COLA) for 2026, raising the average ...