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The deduction applies only for tax years 2025–2028
The new, temporary $6,000 "senior" deduction for taxpayers age 65+ in tax years 2025–2028 is subject to an income-based phaseout tied to Modified Adjusted Gross Income (MAGI): it is fully available at...
The IRS finalized the redesigned 2026 Form W‑2 — including the new Box 12 code “TT” for total qualified overtime compensation — with the agency posting the final 2026 W‑2 on or about January 9–12, 202...
The Premium Tax Credit (PTC) repayment caps for the 2025 tax year limit how much a taxpayer with household income under 400 percent of the federal poverty level (FPL) must repay if advance payments (A...