A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

There are several changes to 2025 tax returns regarding seniors, tips, and overtime. We highlight what new deductions to be ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could affect your tax return this season.

The 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of ...

What’s New for the Upcoming Tax Season] Here’s how the One Big Beautiful Bill Act (OBBBA), signed into law by President ...

The 2026 tax filing season officially kicked off this week, with several new changes to tax law as provisions of the One Big ...

If you've been paying for health insurance premiums and want to know whether those payments are tax deductible, you're in the ...

We break down the definitions and eligibility rules for the five IRS filing statuses to help you maximize your refund this tax season.

To qualify for this tax credit, the child must: Be your son, daughter, stepchild, eligible foster child, brother, sister, ...

A bill by Sen. David Suetterlein to make permanent the current standard deduction was continued on to the 2027 session by the Senate Finance and Appropriations Committee Tuesday. The state Senate ...