Homeowners in particular can benefit from a provision that increases how much in property tax payments they can deduct on ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

Diana Shaw of Wiley Rein LLP discusses the reduction in workforce at the IRS as detailed in a report by the Treasury ...

That’s because the government’s definition of taxable income doesn’t track with true economic income, and this disconnect ...

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Retirees also have reason to pay attention. The Senate bill includes a larger senior tax deduction — $6,000 per eligible ...

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

A $30,000 mistake. When paying the IRS, a Bay Area taxpayer wrote the correct amount of $3,360 on the numerical value box on ...

Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases.

Navigating taxes in retirement can be challenging. Your tax situation may differ from your working years due to income and ...

The end of the federal EV tax credit could impact your finances and the future of electric vehicle adoption. Here's why ...

Another way to reduce your taxable income is by contributing to a traditional IRA. The maximum contribution is $7,000 in 2025 ...