Like most things in life, the new senior tax deduction is not all bad or all good. Here's what it looks like from several ...

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

From a new $6,000 deduction to updated income limits that affect Medicare and retirement withdrawals, here’s what retirees need to know.

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS guidance can help figure the deductions.

Aside from no tax on tips and no tax on overtime, here are the other new and enhanced deductions this year: No Tax on Car Loan Interest: Individuals may deduct interest paid on a loan used to purchase ...

The One Big Beautiful Bill Act added several new tax breaks that are expected to increase last year’s average refund of ...

You'll want to pay attention to new and enhanced tax deductions while filing income tax returns this year.

This new deduction applies to 2025 through 2028 federal income tax returns. To qualify for the deduction, the interest must be paid on a loan used to purchase a passenger vehicle for personal use that ...

A new federal tax deduction will allow eligible taxpayers to deduct interest paid on new car loans beginning this tax year. Lawmakers say the measu ...

From the $20,000 529 plan expansion to the return of the student loan "tax bomb," the new Trump tax bill has overhauled how ...