The Internal Revenue Service (IRS) has announced an increase in the standard mileage rate for business use of a personal…
For the 2025 tax year, the IRS introduced a significant new benefit for senior taxpayers: an extra standard deduction of…
In 2025, seniors 65 and older qualify for an extra $6,000 deduction ($12,000 for married couples). See how the new…
Tax season can be stressful for anyone, but for senior citizens, recent changes to IRS Form 1040-SR for the 2025…
The IRS continues to fine-tune its international tax reporting framework for pass-through entities through ongoing changes to Schedules K-2 and…
As the tax landscape continues to evolve, the IRS has made it easier for senior citizens to file their taxes…
As part of the annual inflation adjustments released by the IRS, the monthly limits for employer-provided transportation fringe benefits have…
Each year, the Internal Revenue Service (IRS) reviews and updates its tax forms to reflect changes in tax law, inflation…
Form 1040-SR, introduced by the IRS as a simplified version of Form 1040 for senior taxpayers, continues to be an…
In the 2025 tax year, a significant new tax benefit was introduced for senior taxpayers: an additional standard deduction of…
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