Federal tax code overhaul under the One Big Beautiful Bill Act delivers sweeping changes for individuals and businesses, ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...

If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

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

Americans who are 65 and older got a hefty new tax break under the massive tax bill that President Donald Trump signed into law on July 4: A new bonus deduction that’s worth as much as $6,000 per ...

Understanding your 1040 is the best way to legally minimize your taxes. Top tax professionals will tell you that effective tax planning needs to be proactive, not reactive. The best tax planning needs ...

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in ...

A new, $4,000 'bonus' deduction would be available for those age 65 and older who fall within set income limits, under the House GOP mega-bill that passed in May. AARP's Nancy LeaMond says the group ...