Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 federal income tax returns.

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

Americans could miss up to $25,000 in tax-free tips and overtime deductions under new IRS rules. Only voluntary tips and the ...

That guidance basically asks employers to use their best efforts to provide documentation; no penalties will be imposed on ...

If you sold a property this year, Section 54 offers long-term capital gains tax exemption if the proceeds are reinvested in another house on time | Real Estate News ...

Key Takeaways You can subtract up to $25,000 of the tips you earned from your 2025 taxable income, which lowers your tax ...

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

We’re going to have this hodgepodge, weird year of rules that’s going to make reporting very difficult for employees." ...

Tipping 20% on meals has become standard. But are restaurants being honest about what 20% really means? Ask a dozen people, and you’ll get a dozen ...

Are you looking for a home to rent out for extra income? From not weighing the finances to shopping in the wrong area, there ...

The IRS has released its guidance for the “no tax on tips” and “no tax on overtime” provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...