Turning 65 doesn't just mark a milestone in life, it can also unlock valuable tax savings. The IRS grants seniors an extra ...

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new tax deduction for paying interest on vehicle loans ...

For the 2025 tax year, the maximum refund available through the EITC reaches $8,046, offering a huge financial leg up to ...

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the meaning of modified adjusted gross income, or MAGI ...

The refundable amount for workers with or without children is slightly higher this year. Here’s what you need to know.

Modified adjusted gross income (MAGI) is often used by the IRS and other federal agencies to determine your eligibility for certain tax benefits or tax breaks or to determine if you're subject to ...

Summary: For the 2025 tax year, U.S. taxpayers must file Form 1040 or Form 1040-SR by April 15, 2026, with an optional automatic six-month extension via Form 4868. Filing requirements vary by age, ...

IRS Announces These Changes For 2025 Filing Season As the 2025 tax filing season progresses, the Internal Revenue Service (IRS) has outlined key updates taxpayers need to know when preparing their ...