The new senior tax deduction ushered in by the 'Big, Beautiful Bill' is worth up to $6,000 per qualified filer.

A new $6,000 IRS deduction could lower taxable income for retirees this year. Learn who qualifies, how it works, and what seniors should know before filing.

The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and ...

Retirees will see a nice change to their returns this year.

As part of the provisions in President Donald Trump’s tax and spending package, passed last year, everyday donors may see tax gains, while those who itemize, especially high earners, face stricter ...

Discover how same-year tax deductions apply to capital expenditures, with insights into Section 179 deductions and the difference between CapEx and OpEx for tax purposes.

A new federal tax deduction will allow eligible taxpayers to deduct interest paid on new car loans beginning this tax year. Lawmakers say the measu ...

Learn how to calculate depreciation for tax deductions using GAAP methods like straight-line and declining balance for optimal savings.

There are new ways to receive tax deductions for the 2026 filing season. Here's what SC taxpayers should know.

Certain newly introduced tax deductions that could significantly lower what Mississippians owe, according to tax experts.