How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

Savings would vary based on the tax rate. For a single taxpayer, the 12% tax rate applied on taxable income from $11,926 through $48,475 in 2025.

Learn how strategic income tax filing and claiming key deductions in 2025 can help you save more. Discover essential documents, popular tax-saving sections, and benefits of online ...

The deadline for submitting ITR for FY 2024-25 is September 15, 2025 and this means eligible taxpayers should claim eligible ...

The Senate’s version of the “big, beautiful bill,” passed on Tuesday, includes a $6,000 tax deduction for Americans 65 or ...

Mumbai ITAT grants relief to senior citizen Neeta Rohit Patel, quashing interest under Sections 234B & 234C on exempt partnership income. Landmark ruling clarifies advance tax ...

A temporary tax deduction could benefit older Americans, but it won’t end taxes on Social Security as once promised.

Even while most focus only on standard deductions, there are several hidden credits and deductions that can significantly ...

The Senate passed its version of the One Big Beautiful Bill Act. The bill contains many tax provisions beyond extending ...

But Pat McFadden says the government will not increase income tax, national insurance or VAT in response to its welfare changes.

Follow for live updates on the GOP’s efforts to pass President Donald Trump’s “big, beautiful bill” through the Senate.

The provision emerged from President Donald Trump’s campaign pledge to end taxes on Social Security. But experts say many are ...