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

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

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

Social media posts claim President Donald Trump just signed a bill that would allow for home gyms to be tax deductible. They ...

President Donald Trump’s “Big Beautiful Bill,” which he signed into law in July, includes provisions that could impact many ...

Taxpayers should check the vehicle information label to figure out whether a car they purchased this year qualifies for Trump ...

Taxpayers could be stretched to new limits in 2026 as complicated new tax breaks kick into place on 2025 federal income tax returns.

QBI includes the income, minus wage income, deductions, applicable gains and losses, for every eligible pass-through business that a taxpayer operates in the United States or Puerto Rico. This income ...

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 ...