Comprehensive guide to U.S. itemized deductions for 2026, covering Schedule A, SALT limits, medical expenses, interest, charity, and 1040-NR ...

When it comes to your finances, understanding the various components that make up your taxable income is crucial. Adjusted gross income (AGI) is a key element of that equation. It’s essentially your ...

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

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

It’s important for both residents and businesses to understand California state income tax brackets and how they impact what ...

The IRS is set to begin accepting and processing 2025 tax returns on Jan. 26. What to do to avoid delays and mistakes as new ...

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

As the new year begins, regulatory drafting, implementation process approval, and legislative oversight and review are now at a fever pitch for the One Big Beautiful Bill Act (OBBBA), signed into law ...

The SALT deduction, which was temporary under the OBBBA Act, raised it from $10,000 to $40,000 if your income is under $500,000. The new senior deduction is a $6,000 deduction you get just for being ...

Many Americans could see bigger tax refunds in 2026 based on changes enacted via President Donald Trump's "big beautiful bill." But your tax refund or balance due for 2025 depends on which new ...

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, ...