For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard deduction. You can only pick one, but at least you can select the option ...

The need for long-term care can happen at any point in your life, and the costs can be daunting. According to the U.S. Department of Health and Human Services, among those turning 65 between 2021 and ...

The amount paid in points is deductible by the buyer and not the seller. Instead, the seller reduces their profit from the ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income. But many taxpayers miss out on this valuable tax break because they don't ...

The massive federal spending and tax bill, dubbed the Big, Beautiful Bill, was signed into law by President Donald Trump on July 4th. The bill includes tax breaks for tipped workers, such as those in ...