Rising health costs in 2026 are colliding with a complicated tax code, and many households are trying to figure out whether ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the ...

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership. Common tax breaks available to homeowners include a mortgage interest ...

The type of deduction you take can reduce your tax bill, or even determine how much you get back in refunds this tax season. But what is the difference between standard and itemized deductions? Is one ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...