For older Americans, tax season offers unique opportunities to save. With special provisions like the extra standard deduction and super catch-up contributions, those aged 65 and above can ...

The 2025 tax year standard deduction for married couples filing jointly will rise to an even $30,000, while for single ...

The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

Unlike remote employees, self-employed workers—whose primary place of business is at home—can claim tax deductions for home office expenses. Self-employed individuals can deduct individual ...

(NewsNation) — When handling your taxes, it can be tricky to decide whether to opt for a tax deduction, tax credit, or both if you’re eligible. While both offer tax relief, they do so in ...

Recent changes have reshaped how this tax deduction works. So, we asked tax and financial experts to answer common questions about claiming and making the most of it. Here's what they want you to ...

Apart from the recent changes, under the tax code, if your principal residence is destroyed in a federally declared disaster, you can claim a casualty loss deduction. Individuals and businesses in ...