The IRS lets you deduct more medical expenses, but there are two strict hurdles.

When it comes to retirement planning, most people focus on the “big three” of income, taxes, and investments. But there’s another silent threat that can derail even the best-laid plans–long-term care ...

I often talk about “bucketing”—structuring a portfolio based on anticipated spending needs—in relation to overall retirement spending. Parking near-term spending needs in cash, intermediate-term ...

Tax season can be stressful and complicated. Thankfully, tax credits and tax deductions can reduce your tax bill and ease the frustration of owing too much money to the IRS. Here are some common IRS ...

President Trump's recent signing of the 'One Big Beautiful Bill Act' (OBBBA) has introduced a new tax break known as the Senior Bonus Deduction. This measure allows individuals aged 65 and over to ...

Individuals who invest in the National Growth Fund, set to be released in June-July, for more than three years will receive income tax deductions of up to 40%. Dividends from this fund will be taxed ...

President Trump recently signed the 'One Big Beautiful Bill Act' (OBBBA), introducing a new tax break called the Senior Bonus Deduction. This allows individuals aged 65 and over to claim an additional ...

Seniors could get a bigger tax deduction this year, but the rules matter. Here's what to know before filing.

Not to be confused with the additional standard deduction for seniors, the new senior tax deduction allows qualified filers to shelter even more of their income from taxes. Many, or all, of the ...

Forbes contributors publish independent expert analyses and insights. I cover tax, budget and retirement policy from Washington Three things are true about long-term care, though many Americans don’t ...