Learn how the new "no tax on tips" deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work ...

Older taxpayers now have access to some of the most generous standard deduction rules on record, and the stakes are high for ...

Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

One of the biggest decisions people make at tax time is whether to itemize or take the standard deduction. Most people take the standard deduction, according to IRS data, but tax pros warn that if you ...

You don't need to itemize to save on taxes in 2026. These 13 overlooked deductions and adjustments can lower your taxable income and reduce what you owe.

The Internal Revenue Service released new rules this week for a tax break that lets you deduct up to $10,000 in car loan ...

You could owe Social Security taxes on up to 85% of your benefits, depending on your income and marital status. The “big, beautiful bill” didn't eliminate Social Security benefit taxes. It did ...

"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...

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 tax bracket income levels for 2026 are increasing by 2.3% and new tax breaks could allow you to keep more take-home pay.