The Internal Revenue Service has now locked in the 2025 income tax brackets, standard deduction amounts, and key retirement contribution limits, setting the rules that will govern how much of your ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

The IRS has announced the annual inflation adjustments for the year 2026, including tax rate schedules, tax tables and cost-of-living adjustments. These are the official numbers for the tax year ...

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

The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. The ...

The IRS recently announced some changes to standard deductions and tax brackets. It's important to understand the new tax rules so you don't pay more to the IRS than you need to. In the U.S., ...