The standard deduction and SALT cap are both higher and there are new perks for seniors, those who financed new cars and ...

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

CNBC’s Sharon Epperson explains the standard deduction for 2025 tax returns. For more Tax Tips, go to cnbc.com/money101 to ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful ...

Tax filing season opens Jan. 26, the day the Internal Revenue Service begins accepting tax returns.

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...

Starting for the 2026 tax season, seniors aged 65 and older can claim an additional $6,000 deduction. Here are all the ...

As a taxpayer, you pay tax as a percentage of your income in layers called tax brackets, according to the IRS.