W-2 vs. W-4 vs. W-9: Decoding the tax forms that control your money ...

The sales tax deduction lets you deduct the state and local sales taxes you’ve paid during the year, but only if you itemize your deductions. If you live in a state with no income tax or made a large ...

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. Johner Images/Getty Images A new ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

What is the standard deduction? Most taxpayers claim the standard deduction, a fixed amount you can deduct to reduce your taxable income and lower your federal tax bill. Unlike itemized deductions, ...

Here's when the IRS and Ohio will start accepting returns, how to deduct overtime and tips, the 2025 tax brackets, and when ...

These changes, which take effect this year, are designed to provide tax relief across a broad range of categories, from working Americans and seniors to business investment and family support. Notices ...

Benjamin Franklin famously quipped that there’s nothing certain in life other than death and taxes. Any changes to the latter pique the interest of most Americans. As it does annually, the IRS ...