The 2025 tax law introduces new deductions for car loan interest, qualified tip income, and overtime pay. Learn the rules and see if you can claim them.
President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could impact your tax return this season.
Are political donations tax deductible? Find out what the IRS allows, plus where state-level exceptions may apply. Read on ...