Seniors get a generous new tax deduction, but there's only a limited time to claim it.

Higher income taxpayers – those with modified adjusted gross income exceeding $500,000, or $250,000 for those married filing separately – won’t be able to take full advantage of the $40,000 deduction.

Add Yahoo as a preferred source to see more of our stories on Google. Tax season has begun, and many people can look forward to a bigger tax refund this year because of some new changes. Thunder ...

Tax season is officially underway, and several changes to the federal tax code could affect how much money some taxpayers get back — or owe — when they file. The updates are part of President Trump’s ...

The IRS is rolling out major changes ahead of the 2026 tax season, including one rule that could save taxpayers significant money and a new requirement that applies to almost everyone. The SALT ...

The 2026 filing season is underway, and several changes to the tax code will affect most taxpayers’ returns, especially compared to last year, when the IRS made only routine inflation adjustments. The ...

The One Big Beautiful Bill Act was signed into law in July 2025. The Republican tax bill includes new deductions for seniors, car loan interest, tipped income and overtime pay. Provisions of the Tax ...

On Wednesday, in the ninth month of fiscal year 2026, the House worked on a $1.8 billion spending bill, which replenishes ...

PITT COUNTY, N.C. (WNCT) — Tax season has begun, and many people can look forward to a bigger tax refund this year because of some new changes. Many of the changes, according to Christopher Kellam, ...