The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

A campaign promise is now law. Learn about the new federal tax deduction for tipped income, who qualifies, and how it could ...

Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...

The Internal Revenue Service released new rules this week for a tax break that lets you deduct up to $10,000 in car loan ...

Here's what you can deduct if you aren't itemizing, along with tax brackets, senior deductions including the phaseout ramp, ...

The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...

Social Security recipients will see a 2.8 percent boost in cost-of-living adjustment (COLA) for 2026, raising the average ...

The 2026 tax season will soon be underway and some Americans could be receiving heftier tax returns this year.

President Donald Trump’s “Big Beautiful Bill,” which he signed into law in July, includes provisions that could impact many ...

Taken together with the inflation measure the IRS uses, the agency says that—on average—the inflation-adjusted tax numbers ...

Section 80CCD allows taxpayers to claim deductions on amounts they contribute to government-backed pension schemes such as ...