For older taxpayers, the new senior tax break is one of the most generous federal perks in years, effectively letting many retirees erase thousands of dollars of income from the IRS's reach.

The tax break on tip income is not automatic. You need to file a new form. The U.S. Treasury Department has a list of dozens of occupations that 'customarily and regularly received tips' that qualify ...

Locksmiths, tattoo artists and pedicab drivers are among those who could benefit from a new deduction this tax season that lowers the burden on workers who received tips as part of their income last ...

Forbes contributors publish independent expert analyses and insights. Juan Carlos Medina, CFP, focuses on holistic financial wellness. Tax year end symbol. Concept words Tax year end typed on ...

Early-bird tax filers will be happy to know that the Internal Revenue Service will begin accepting and processing 2025 income tax returns on Monday, Jan. 26. Taxpayers are likely to be shocked to ...

Early-bird tax filers will be happy to know that the Internal Revenue Service will begin accepting and processing 2025 income tax returns on Monday, Jan. 26. Taxpayers are likely to be shocked to ...

To get a new tax break included in the One Big Beautiful Bill Act, some seniors need to lower their taxable income. Annuities can help do that. MEDFORD, OR / ACCESS Newswire / January 8, 2026 / The ...

Retirees are entitled to a new tax deduction. For eligible seniors 65 and over, the deduction can reduce taxable income by $6,000. The amount of tax savings available depends on your tax bracket. When ...

When retirees file their 2025 tax return by April of 2026, they may get very pleasant news. Many seniors who are 65 and over will receive a substantially larger tax refund or will pay substantially ...

The 2026 filing season is underway, and several changes to the tax code will affect most taxpayers’ returns, especially compared to last year, when the IRS made only routine inflation adjustments. The ...

As you sort through your taxes before filing this year, don’t forget that you could be eligible for certain credits and deductions. And note that there are some new breaks you might qualify for, too.