For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their federal return.

Your filing status isn't just a checkbox on a form; it could be the key to saving you hundreds, or even thousands, of dollars come tax time. According to TaxSlayer, the standard deduction stands at ...

For federal income tax purposes, your marital status is determined under state law as of the last day of the calendar year. That matters when choosing your filing status. Your filing status is one of ...