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 ...

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 ...

Wondering why, maybe, you didn't get any extra refund cash from a new tax deduction for seniors? Or you somehow didn't qualify for other new federal income tax breaks on tips, overtime and car loan ...

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 ...

Instead of bolstering relief to help families access critical public goods and services, Republicans in Congress are pushing policy changes to help the rich keep or grow their wealth. A fierce tax ...