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 Internal Revenue Service is already urging Americans to prepare for the upcoming 2026 tax…
From paying more state and local taxes this year to moving holiday charity gifts to…
The holidays are the traditional time for giving as people look to spread holiday cheer…
There are several major changes coming to the 2026 tax season that Americans may want…
If you’re trying to plump up your nest egg or stretch your retirement savings, every…
Congress is back after ending the longest shutdown in US history. But the bipartisan accord…
For years, those looking to expand Nevada’s film tax credit program have touted their potential…
IRS Direct File, the electronic system for filing tax returns for free, will not be…
