Effective for the 2025 tax year (and set to expire after 2028), the recent “One Big Beautiful Bill Act” (“OBBBA”) enacted a new $6,000 deduction for seniors aged 65 or older. This is in addition to the existing standard deduction and the extra standard deduction available to individuals in this age group. For married couples filing jointly where both spouses are 65 or older, the deduction doubles to $12,000.
The tax cut isn’t coming from the federal government, but a handful of states. Eight…
The “One Big Beautiful Bill” act will go into effect for the 2026 filing season,…
Tax Day is coming. And if you work best against a deadline, here are several…
Taxpayers who buy a new car assembled in the U.S. may be able to deduct…
For some people, tax refunds could turn out to be much fatter in 2026 than…
Sources say nine U.S. states are lowering income taxes on Jan. 1, according to a…
Economist Don Schneider is also predicting a large tax refund for Americans in 2026. Read…
Americans who are receiving a year-end bonus for a job well done may be sorely…
