For many older Americans, taxes feel less predictable than they used to. Income drops after retirement, but costs rarely do.

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

Add Yahoo as a preferred source to see more of our stories on Google. Senior citizens who are also homeowners have to worry about property taxes in most states — but not all! But the reality is more ...

It has now become a yearly ritual that members of Congress and White House officials offer proposals to limit or even eliminate charitable tax deductions. And, as a part of the ritual, nonprofit ...

The IRS has issued new guidance on bonus depreciation, which was made permanent under the One Big Beautiful Bill Act. Here’s ...

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

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. It includes two federal tax deductions for a portion of an eligible worker’s tips and overtime earnings.

Simple W-4 adjustments and new deductions for tips, overtime and seniors could add $200+ monthly to take-home pay starting ...

In adopting its 2010 budget resolution on Thursday, the Senate included some language on charitable deductions — a hot topic since President Obama proposed limiting them as a way to raise money to ...