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

Are medical premiums tax deductible? You may be able to deduct your health insurance premiums if you are self-employed and ...

A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the ...

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

The IRS is set to begin accepting and processing 2025 tax returns on Jan. 26. What to do to avoid delays and mistakes as new ...

Are home improvements tax-deductible? Not many tax deductions exist, but there a few. However, you'll need to meet IRS ...

For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

Seniors could keep more money with new tax break phasing in for 2025 returns. The extra deduction helps lower- and ...

A new federal tax deduction for Americans 65 and older might make a difference that actually matters. Here's what we know.

CNBC’s Sharon Epperson explains a new tax deduction for people age 65 and older. For more Tax Tips, go to cnbc.com/money101 ...

Learn how to deduct casualty and theft losses on your taxes effectively. Understand eligibility, criteria, and the filing ...