The standard deduction and SALT cap are both higher and there are new perks for seniors, those who financed new cars and ...

CNBC’s Sharon Epperson explains the standard deduction for 2025 tax returns. For more Tax Tips, go to cnbc.com/money101 to ...

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

Tax filing season opens Jan. 26, the day the Internal Revenue Service begins accepting tax returns.

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

It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful ...

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...

For some retirees, the change could eliminate federal income taxes entirely, although many were already exempt from Social ...

Starting for the 2026 tax season, seniors aged 65 and older can claim an additional $6,000 deduction. Here are all the ...