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 you’re married filing a joint return. Single filers who earn more than ...

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.

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

The IRS will allow up to $10,000 in car loan interest deduction starting with 2026 tax filings for the 2025 tax year. This new federal tax break applies to qualifying new vehicles purchased after ...

Americans are getting bigger-than-usual tax refunds this year. Treasury Secretary Scott Bessent has been talking up this windfall for months, saying that it will help spark “a non-inflationary boom.” ...

H&R Block's service asks lots of questions related to potential tax breaks, looking for savings that can come, for example, from cash and noncash charitable donations, and H&R Block was able to find ...

Run the numbers: For 2025, the standard deduction is $31,500 for married couples and $15,750 for singles. If your total ...

Taxes are complicated enough without the added stress of figuring out which tax software will work best for you. While you ...

SCSS is a government-backed small savings scheme designed for senior citizens to keep their finances steady after retirement.