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 ...

Tax season 2026 brings new and updated federal income tax credits and deductions. Here's how you can take advantage of each.

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

Tax evasion means purposely not paying taxes you owe. In contrast, a tax filing error usually happens because of a mistake, misunderstanding, or oversight. Most errors can be fixed by filing an ...

The American Dream of homeownership is starting to feel like a high-interest subscription service. Between the down payment and the average $10,867 yearly homeowners bleed for maintenance (according ...

As homeowners across the U.S. prepare to file their taxes this season, they may be wondering what deductions they qualify for and whether it's worth itemizing or sticking with the standard deduction.

(CBS NEWS) – According to CBS, as homeowners across the U.S. prepare to file their taxes this season, they may be wondering what deductions they qualify for and whether it’s worth itemizing or ...

Tax season is fast approaching and several tax policy changes impacting older Americans will be in effect when seniors go to file their returns. The enactment of Republicans' One Big Beautiful Bill ...

A new, temporary 'senior bonus' will enable many taxpayers age 65 and older to deduct up to $6,000 in income from their federal returns. You must file a new Schedule 1-A. The new enhanced deduction ...