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Extra Standard Deduction for Seniors Over 65: Requirements
Turning 65 doesn't just mark a milestone in life, it can also unlock valuable tax savings. The IRS grants seniors an extra ...
President Donald Trump has invited all Republican senators to the White House, prompting hopes he may get more involved.
In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the meaning of modified adjusted gross income, or MAGI ...
Common 1099 forms and their purpose in reporting income sources like interest, dividends and capital gains Where to find Form 1099 online and how different financial institutions provide access to tax ...
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, ...
The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...
This Wednesday, Feb. 13, 2019, file photo shows part of a 1040 federal tax form printed from the Internal Revenue Service website, in Zelienople, Pa. (AP Photo/Keith Srakocic, File) CHICAGO (CN) — The ...
Oregon lawmakers have just a few months to decide if they’ll let state tax policy automatically echo federal tax cuts passed in the July GOP megalaw that could reduce the state income tax burden on ...
Dear Savvy Senior: Do I have to pay taxes on my Social Security retirement benefits? I heard that President Trump’s big, beautiful bill eliminated that. What can you tell me? — About to Retire Dear ...
No, the new law, better known as the ‘One Big Beautiful Bill Act’ did not eliminate Social Security taxes. It did, however, provide a temporary “senior bonus” deduction (starting in 2025 through 2028) ...
North Carolina parents who send their students to private schools could get a federal tax break if a bill passed by the General Assembly on Wednesday becomes law. The bill was sent to Democratic Gov.
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