If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

The new senior tax deduction ushered in by the 'Big, Beautiful Bill' is worth up to $6,000 per qualified filer.

The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and ...

A new $6,000 IRS deduction could lower taxable income for retirees this year. Learn who qualifies, how it works, and what seniors should know before filing.

Retirees will see a nice change to their returns this year.

From a new $6,000 deduction to updated income limits that affect Medicare and retirement withdrawals, here’s what retirees need to know.

The policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions and conditions.

Teachers can benefit from the educator expense deduction, allowing up to $250 off taxable income for specific expenses. Learn about the deduction’s benefits and rules.

A new federal tax deduction will allow eligible taxpayers to deduct interest paid on new car loans beginning this tax year. Lawmakers say the measu ...

Discover how same-year tax deductions apply to capital expenditures, with insights into Section 179 deductions and the difference between CapEx and OpEx for tax purposes.

There are new ways to receive tax deductions for the 2026 filing season. Here's what SC taxpayers should know.