Paramount Skydance has enhanced its Warner Bros Discovery bid by offering shareholders extra cash for each quarter the deal fails to close after this year and agreeing to cover the breakup fee the HBO ...

Health insurance can be tax-deductible in certain situations, but most taxpayers don’t qualify. Whether you can deduct premiums depends on how you get your coverage, how you pay for it and whether you ...

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President Donald Trump's "big beautiful" tax law provides a new senior "bonus" or deduction of up to $6,000 per individual or $12,000 for married couples. The temporary deduction applies to taxpayers ...

As homeowners across the U.S. prepare to file their taxes this season, they may be wondering what deductions they qualify for and whether it's worth itemizing or sticking with the standard deduction.

Americans can expect smaller tax bills and bigger refunds this year—after they navigate a pile of new rules from last year’s tax law. “Any time people have big life changes or there are law changes, ...

At first glance, some of the language looks familiar. A letter sent to state officials in Rhode Island by the Justice Department in June included a reminder that federal civil rights law "prohibits an ...

The IRS issued Fact Sheet 2026-01 on Friday to address frequently asked questions (FAQs) about the deduction for qualified overtime compensation in H.R. 1, P.L. 119-21, commonly known as the One Big ...

Early-bird tax filers will be happy to know that the Internal Revenue Service will begin accepting and processing 2025 income tax returns on Monday, Jan. 26. Taxpayers are likely to be shocked to ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. eggeeggjiew / Getty Images A new ...

The IRS has released new guidance in the form of frequently asked questions (FAQs) to help eligible taxpayers claim the overtime compensation deduction. The IRS has released new guidance in the form ...

The introduction of a $6,000 tax deduction for Americans aged 65 and older is set to provide substantial financial relief. According to AARP, this could mean an average increase of $670 in tax refunds ...