It could be worth the time this holiday to consider these tax moves before year end. They could save you money in 2025 and beyond.

Washington, D.C., has temporarily suspended several new federal tax breaks, such as no tax on tips, no tax on overtime, and the $6,000 bonus senior deduction, according to USA TODAY. The district ...

Trump’s One Big Beautiful Bill Act (OBBBA) specifically favors seniors, employees who earn tips and overtime and those with children. Here’s an example: Casey and Riley earn a combined income of ...

The Internal Revenue Service has announced updated standard deduction amounts for the 2026 tax year, including a modest, yet meaningful, increase for Americans age 65 and older. The change, which ...

WASHINGTON — The Internal Revenue Service announced this week that Americans will see modest increases in standard deductions and tax bracket thresholds for 2026, part of the agency's annual inflation ...

The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. Each ...