A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the ...

Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

The latest changes come after the passage of the One, Big, Beautiful Bill Act (OBBB), which was signed into law on July 4, ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...

You don't need to itemize to save on taxes in 2026. These 13 overlooked deductions and adjustments can lower your taxable income and reduce what you owe.

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

No tax on tips: Workers who receive tips can deduct up to $25,000 of qualified tip income on their federal return. No tax on ...