The Internal Revenue Service (IRS) has announced major revisions to the U.S. tax code following the passage of the One, Big, ...

As a taxpayer, you pay tax as a percentage of your income in layers called tax brackets, according to the IRS. Here’s a look ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

The sales tax deduction lets you deduct the state and local sales taxes you've paid during the year, but only if you itemize ...

IRS increases standard deductions, business expense breaks in 2026 FOX Business ‘The Big Money Show’ co-host Taylor Riggs discusses the IRS’s 2026 tax updates and what they could mean for workers and ...

The Internal Revenue Service has released the updated tax brackets for the 2026 tax year. The agency also unveiled changes to the standard deduction, earned income tax credit, estate tax credit and ...

The first tax season under Trump’s One Big Beautiful Bill Act is approaching, bringing several updates that could lead to larger refunds for many filers. The most notable change is the increase in the ...

Seniors relying on Social Security may have a new tax deduction in 2026. President Donald Trump’s One Big Beautiful Bill created a $6,000 deduction for seniors on top of the current standard deduction ...

Many Americans are likely to see massive changes to their taxes in 2026, especially seniors. That’s largely due to President Donald Trump’s so-called big, beautiful bill, a massive 940-page bill ...

And for heads of households, their standard deduction will be $23,625, up from $22,500. Most filers take the standard deduction because it is higher than the total of itemized deductions they are ...

ST PAUL, Minn. — On a list of things to do, it would be a severe understatement to say filing taxes would not be at the top of the list for most Minnesotans... not even close. The Minnesota Department ...

American taxpayers aged 65 and older will receive a new $6,000 bonus tax deduction next year as part of President Donald Trump’s One Big Beautiful Bill Act. The temporary deduction comes alongside ...