For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their federal return.

The new $40,000 SALT cap in 2025 could boost refunds for some taxpayers, making the choice between standard and itemized ...

When filing a federal tax return, Americans face a key choice that can directly affect how much they owe—or how much they get ...

While above-the-line adjustments are available to those who itemize and those who take standard deduction, there are possible ...

Even taxpayers who choose the standard deduction may still qualify for several deductions that can reduce their taxable ...

Seniors could get a bigger tax deduction this year, but the rules matter. Here's what to know before filing.

Refunds are up this tax season, but new deductions, eligibility rules and unchanged withholding mean many Americans won’t see ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. NEW YORK (AP) — When tackling your taxes, it ...

If you're going to itemize your deductions, the mortgage interest deduction could be a tax-saving opportunity. Learn how the interest deduction works.