President Donald Trump's "big beautiful bill" added the "no tax on overtime" deduction for 2025 returns. Here's how to claim ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

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

Starting in the 2025 tax season, workers in the U.S. who earn tips can potentially deduct up to $25,000 from their taxable ...

The new, temporary senior deduction gives taxpayers 65 and older who fall within income limits the opportunity to deduct up ...

The tip deduction doesn’t completely eliminate taxes on tips. The deductible amount is limited, it isn’t available to every worker who receives tips, some tips aren’t deductible, and tips are still ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

Even if you’re below the income threshold for 2025, tax credits and excess withholding could result in a tax refund, making ...

The policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions and conditions.