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

The IRS has issued new guidance on bonus depreciation, which was made permanent under the One Big Beautiful Bill Act. Here’s ...

On Dec. 31, the Treasury Department released proposed regulations interpreting the new interest deduction for automobile ...

For many older Americans, taxes feel less predictable than they used to. Income drops after retirement, but costs rarely do.

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

The sales tax deduction lets you deduct the state and local sales taxes you've paid during the year, but only if you itemize ...

As a taxpayer, you pay tax as a percentage of your income in layers called tax brackets, according to the IRS. Here’s a look ...

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.

Understanding what deductions are coming out of your pay is key to knowing where all your money is going. More importantly, ...

Benjamin Franklin famously quipped that there’s nothing certain in life other than death and taxes. Any changes to the latter pique the interest of most Americans. As it does annually, the IRS ...

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 ...