Millions could be eligible for Trump's "no tax on tips" deduction for the upcoming tax season. But some workers won't benefit ...

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

This bonus will come in addition to the existing extra standard deduction for seniors, which the IRS has increased as part of ...

Benefits recipients could save $6,000 in federal taxes on their monthly payments. Here’s who is eligible to claim the ...

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Starting in 2026, the new deduction will enable the estimated 90% of household using standard deductions to get a deduction ...

We break down the IRS rules for non-cash charitable contributions. Plus, here's a handy checklist before you donate to ...

Despite being in the midst of a government shutdown, the Internal Revenue Service (IRS) was just able to release a 247 page document describing and cementing final rules around section 199A. For those ...

Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to bigger tax refunds. That’s if they play their cards right on the SALT ...