CNBC’s Sharon Epperson explains the standard deduction for 2025 tax returns. For more Tax Tips, go to cnbc.com/money101 to ...

Tax filing season opens Jan. 26, the day the Internal Revenue Service begins accepting tax returns.

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

Seniors could keep more money with new tax break phasing in for 2025 returns. The extra deduction helps lower- and ...

It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful ...

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...

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