Retirement comes with many financial surprises. One of them is how tax regulations change once you cross that magical threshold of turning 65. Let's be real, when you hear about a deduction worth ...

A bigger standard deduction, changes in the itemizing rules and new temporary deductions all complicate the decision. Here’s how to choose the option that’s best for you. When it comes to federal ...

Millions of aging Americans barely scrape by each month, robbing Peter to pay Paul to cover the cost of groceries or healthcare. There's no denying that receiving a larger tax refund will put badly ...

The deduction is designed to help seniors reduce their taxes through 2028. The lowest-income seniors are unlikely to benefit from the deduction. Experts worry about the impact the tax break will have ...

A new tax form, Schedule 1-A, introduces four new deductions for the 2025 tax year. All four write-offs are "below-the-line" deductions, which reduce taxable income but not adjusted gross income. Each ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. When President Trump signed the One Big, Beautiful Bill Act (OBBBA) into law ...