Starting in 2025, taxpayers aged 65 and older will have the opportunity to claim an additional $6,000 deduction on their federal income tax returns. This new provision is part of broader tax…

The latest report from the Bureau of Labor Statistics reveals that the core Consumer Price Index (CPI) has surged to 3.1%, raising concerns among seniors and those relying on Social Security. This…

In a significant move aimed at supporting American workers, the Internal Revenue Service (IRS) has announced a new tax deduction for 2025 that allows eligible employees to deduct up to $25,000 on…

Residents eagerly anticipating the $1,000 Permanent Fund Dividend (PFD) will soon receive clarity on the payment schedule, according to recent announcements from state officials. The PFD, a financial benefit distributed to eligible…

Married seniors can now benefit from a significant tax relief under the new deduction rule, allowing couples to reduce their taxable income by up to $12,000. This tax provision, aimed at assisting…

The landscape of residential energy tax credits is poised for significant change, as many of the incentives aimed at promoting green energy adoption are set to expire after 2025. These tax credits…