To bring you up to speed on how this new tax break works, here are 10 things you need to know about the Senior Deduction.

This new tax break for those age 65 and older creates a limited window of relief in retirement. Here’s how much it could save ...

Two types of tax breaks stand out among all the lingo: credits and deductions. Each lowers your tax liability, which is the total annual tax owed on your income. (That figure can be found on line 24 ...

The IRS adjusts the standard deduction each year to account for inflation Written By Written by Contributor, Buy Side E. Napoletano is a contributor to Buy Side and an expert on student loans, taxes ...

Many taxpayers do not see the full benefit of new tax deductions for seniors, tips, overtime, and car loan interest due to ...

The IRS Large Business and International Division released an updated 53-page practice unit in June on the Section 179D energy-efficient commercial buildings deduction. The purpose of this practice ...

It's tax season, and Americans are confronted by a lot of tax jargon when preparing their returns. Stream NBC 5 for free, 24/7, wherever you are. Two types of tax breaks stand out among all the lingo: ...