The Internal Revenue Service has started to spell out how the new tax law will reshape deductions over the next two filing ...

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

The IRS will begin accepting 2025 tax returns on Monday, Jan. 26, 2026, the agency announced. Taxpayers have until Wednesday, April 15, 2026, to file their tax returns and pay any tax due, according ...

Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard deduction. You can only pick one, but at least you can select the option ...

New deductions for seniors, tipped workers and overtime, plus a tax hit on gamblers, have generated confusion, misinformation and outrage. Misinformation about the One Big Beautiful Bill Act (OBBBA) ...

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

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

The Internal Revenue Service (IRS) has updated the cents-per-mile rates for calculating tax-deductible vehicle operating ...