Tax season is underway and you have until April 15 to file your return with the IRS. For many, especially first-time filers, ...

A new tax break offers deductions of up to $10,000, but income limits and loan rules mean most buyers will see much smaller ...

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

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 ...

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

Are political donations tax deductible? Find out what the IRS allows, plus where state-level exceptions may apply. Read on for more details: ...

New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.

For members of the National Guard or military reservists, you can deduct partial travel expenses for attending meetings or drills more than 100 miles from home, even if you don’t itemize. You can ...

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax. Don’t panic just yet.

The “No Tax on Car Loan Interest” provision allows anyone who’s purchased a car from 2025 on to deduct the interest paid on the loan when they file their taxes. There are a few stipulations before you ...

A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a new vehicle assembled in the United States.

For example, Form 1099-NEC, used to report payments to independent contractors, must be furnished by February 2, 2026. As ...