Young and the Invested on MSN

No tax on overtime – do you qualify?

"No Tax on Overtime" – Do You Qualify?
2026 federal tax season starts as IRS accepts 2025 returns with Form 1040.
On the individual income-tax return, known as Form 1040 or 1040-SR for seniors specifically, taxpayers simply have to check that they are 65 or older. The Internal Revenue Service will then ...
Do You Need to Pay Taxes on Social Security? Maybe. Here's How to Figure It Out ...
The savers credit can lower a tax bill while rewarding retirement contributions. Learn who qualifies, income limits and how ...
Tax season for 2025 income is arriving with a familiar mix of urgency and confusion, especially around how early you can ...
Millions of Americans over 65 will qualify for a new $6,000 deduction on their 2025 tax returns. This added relief comes as older adults continue to face mounting financial pressure from rising food, ...
Wondering which tax credits and dedcutions apply to you this year? Here's an overview of qualifications, what's new this year ...
Starting for the 2026 tax season, seniors aged 65 and older can claim an additional $6,000 deduction. Here are all the details and how to claim the deductions.
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...
Tax brackets for 2026 have edged higher, keeping in step with inflation. Those who are feeling financial strain right now are about to get some relief. Taxation of capital gains won't hurt quite as ...