Turning 65 doesn't just mark a milestone in life, it can also unlock valuable tax savings. The IRS grants seniors an extra standard deduction. This deduction can lower taxable income by thousands of ...

Passed as an Internal Revenue Code amendment in the One Big Beautiful Bill Act, this new law has immense implications for ...

Consider more than a dozen different deductions that can fatten your bottom line. Opinions expressed by Entrepreneur ...

Taxpayers are set for a "record tax refund season" in 2026 due to retroactive tax cuts and unadjusted 2025 IRS withholding ...

The One Big Beautiful Bill Act has supersized the standard deduction for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim up to $6,000 in addition to the ...

Tax season is approaching. Tax breaks that were extended as part of President Trump's "One Big Beautiful Bill" will mainly ...

Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.

The Section 179D energy efficiency deduction, a key incentive for commercial building upgrades, is set to expire in June 2026 ...

Elizabeth Guevara is a journalist working to explain the world of business and economics and how it impacts your finances. She joined Investopedia in 2024 as a breaking news writer covering personal ...

When the so-called One Big Beautiful Bill Act was signed into law in July, it set the table for late-year tax discussions with clients. And one of the things that will likely be high on your agenda is ...

The new “no tax on tips” law could push many restaurants to reconsider their mandatory gratuity policies if they want ...

Tax season is officially here. And if saving money is your biggest priority this year, there are plenty of tax breaks to take advantage of. Sadly, many of you might be leaving money on the table. From ...