The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.

CNBC’s Sharon Epperson explains the standard deduction for 2025 tax returns. For more Tax Tips, go to cnbc.com/money101 to ...

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could affect your tax return this season.

State revenue officials updated the guidance, saying most people should be OK using the current forms only if they take the ...

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...