Tax avoidance strategies aren’t solely for the rich — plenty of tax deductions and credits are available for middle- and low-income taxpayers to seize too.

For many retirees, selling their home is one of the biggest financial windfalls they’ll see outside of work — especially if ...

The Department of Revenue announced that incorrect instructions have led to some Oregon taxpayers receiving the Oregon Kids' ...

Many Americans assume that Medicare will cover most, if not all, of their medical needs after retirement. But Orman cautions that this is a dangerous belief.

The new deduction can lower your taxable income and thus your combined income. It's estimated that 90% of seniors will now pay no federal income tax on their Social Security benefits. Some other ...

Legislators and governors in blue states are preparing a range of new taxes on the wealthy. At the same time, many red states ...

Retirement should bring peace of mind, not confusion. Yet as we move deeper into 2026, countless Americans collecting Social ...

Every start of the fiscal year brings doubts among taxpayers, especially with the possibility of a good refund to balance finances, an issue of enormous relevance in the current co ...

If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your taxes.

On the individual income-tax return, known as Form 1040 or 1040-SR for seniors specifically, taxpayers simply have to check that they are 65 or older. The Internal Revenue Service will then ...

The One Big Beautiful Bill Act of 2025 creates a temporary tax deduction for seniors aged 65 and older, offering up to $6,000 for individuals and $12,000 for couples through 2028, rather than ending ...

The rising cost of healthcare, including insurance premiums and drugs, will pressure older Americans, particularly more vulnerable populations. This is on top of other financial-related anxieties, ...