Here's the thing. The new senior deduction introduced in the One Big Beautiful Bill Act allows those 65 and older to claim an ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...

A new federal tax deduction will allow eligible taxpayers to deduct interest paid on new car loans beginning this tax year.

To qualify for the full deduction, your taxable income can’t be more than $100,000 if you’re a single filer or $200,000 if you’re married filing a joint return. Single filers who earn more than ...

Residents age 65 and older could see significant savings thanks to a new tax deduction that allows taxpayers to claim an ...

Financial advisor fees are not tax-deductible now, but there are still tax benefits from working with an advisor.

This new deduction applies to 2025 through 2028 federal income tax returns. To qualify for the deduction, the interest must be paid on a loan used to purchase a passenger vehicle for personal use that ...

The new, temporary senior deduction gives taxpayers 65 and older who fall within income limits the opportunity to deduct up to $6,000 per person in income from their federal returns or up to $12,000 ...

President Donald Trump's "big beautiful bill" added the "no tax on overtime" deduction for 2025 returns. Here's how to claim the tax break.

Good news about taxes? A new law could boost returns for hourly workers, but there are some key factors. Click here to find ...

Itemizers who were limited at that $10,000 mark and those who use standard deductions might be able to itemize now because ...

Co-signing a mortgage can affect your taxes in several ways, depending on the loan’s structure and the property’s use. In ...