For 2025, married couples over 65 filing jointly will also see a modest benefit. The extra deduction per qualifying spouse ...

Many retirees are surprised to learn that their Social Security benefits can be subject to federal income tax. The IRS ...

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

The Internal Revenue Service has released the federal income tax brackets for 2025. A key point for taxpayers is that the ...

A $30,000 mistake. When paying the IRS, a California taxpayer wrote the correct amount of $3,360 on the numerical value box ...

Navigating annual tax changes can feel complex sometimes. Understanding them is crucial for informed financial choices to be ...

Navigating taxes in retirement can be challenging. Your tax situation may differ from your working years due to income and ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

Each year, millions of U.S. taxpayers submit corrections to their federal tax returns through the Form 1040-X, often to amend ...