The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.

If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your ...

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...

Taxpayers may get bogged down in the complexities of claiming deductions for tips, auto loan interest and overtime pay.

Millions of retirees could stop paying federal taxes on Social Security benefits under new legislation and a temporary $6,000 ...

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 ...

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 federal income tax returns.

In 2025, taxpayers can look forward to an increase in their federal income tax refunds, with some refunds potentially rising by $500 to $1,000 compared to last year. This increase is largely due to ...

Is vehicle sales tax deductible? Find out how you can lessen your tax burden. Learn who can qualify and how you can claim and ...

Some people who’ve bought a new car recently might be eligible for up to a $10,000 deduction on their federal taxes. As part ...

IRS staff shortages and new tax laws mean you should file your taxes early and triple-check everything.

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...