The IRS has officially released the inflation-adjusted income tax brackets and standard deduction for 2025. Find out the new ...

The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

The proposed regulations issued today relate to a new deduction for interest paid on vehicle loans incurred after Dec. 31, ...

Social Security represents a major source of monthly income for many citizens, especially retirees. The "new" deduction will ...

Here's what you can deduct if you aren't itemizing, along with tax brackets, senior deductions including the phaseout ramp, ...

Certain tipped workers are expected to be able to deduct up to $25,000 of qualified tipped income on their federal taxes. The ...

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 ...

President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is the new ...

The IRS announced a tax break for new vehicle buyers, allowing up to $10,000 in interest deductions on loans for US-assembled cars starting in 2025.

An Oklahoma senator’s resistance threatens bipartisan efforts to restore full gambling loss tax deductions, keeping higher taxes in place for gamblers.