The IRS has announced an increase in the standard deduction for seniors in 2026, providing financial relief amid rising ...

That averages $2,590 saved per household, although the benefit mainly affects high-income filers who are more likely to ...

At the end of 2024 the IRS announced the new income tax brackets for 2025, allowing people to plan ahead for their 2025 ...

As usual, tax bracket thresholds were raised. Many taxpayers are getting some additional relief beginning this year, though.

Standard tax deductions are increasing across the board, but the news is even better for those 65 years and older.

Carrying the governor’s campaign promise to reduce property taxes, Senate Enrolled Act 1 was signed into law this spring. A legislative financial analysis put together shortly before the bill was ...

Food assistance benefit amounts could change next month for thousands of New Mexicans because of new federal requirements for utility deductions. The "One Big Beautiful Bill" passed in July made ...

In Brief The recently enacted H.R. 1, the so-called One Big Beautiful Bill Act (OBBBA), extends many of the provisions of the ...

Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts to know for 2026.

The IRS just expanded 2026 tax brackets for inflation while the One Big Beautiful Bill brought permanent changes to ...

The Internal Revenue Service has made annual inflation adjustments for more than 60 federal tax provisions, including ...

For 2026, the IRS made inflation-based adjustments of 4% for the lowest of the seven-tiered bracket system and 2.3% for ...