In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new $6,000 senior deduction and how to claim it on your tax return.

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

Learn how you can deduct up to $10,000 of car loan interest payments. This guide covers eligibility established by the “One Big Beautiful Bill.” ...

The IRS reports that every year more than $1 billion in unclaimed refunds gets left behind at the Treasury. This year, if you’re a senior, it’s more likely that a refund belongs to you. A ...

The Child and Dependent Care Tax Credit helps offset the costs of care for children under 13 and other qualifying dependents while you work or look for work. For 2026, you can claim a percentage of up ...

The Credit for Other Dependents provides a $500 tax benefit for qualifying dependents who don’t meet the requirements for the Child Tax Credit. This credit covers dependents age 17 or older, including ...

As the adage goes, “a dollar saved is a dollar earned.” Perhaps even more so if the dollar is saved from paying taxes and can go toward funding retirement. Many farmers may imagine a scenario where ...

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

The IRS raised the senior tax deduction for 2025. Here’s who qualifies, how much you can claim, and what retirees should know before filing.