Here's a look at some of the most commonly assumed tax breaks that either no longer exist or simply don't work the way people expect any more.

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

The charitable donation tax deduction lets you write off qualified gifts to nonprofit organizations, but there are rules to ...

Each year, the Union Budget draws the nation’s attention as it defines the country’s economic direction for the new financial ...

Americans are getting bigger-than-usual tax refunds this year, with an estimated $90 billion to $100 billion increase in ...

For those trying to anticipate what's different, here are tax changes that could affect you this year and might even retroactively affect your 2025 taxes.

The choice between the old and the new income tax regime is an important one and every year, taxpayers carefully calculate the tax liability under each before deciding on which one to opt for.

(NewsNation) — Tax filing season opens Jan. 26, the day the Internal Revenue Service begins accepting tax returns. As a taxpayer, you pay tax as a percentage of your income in layers called tax ...

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

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 ...

Editor’s note: This story has been updated to clarify the tax rates. (NewsNation) — Tax filing season opens Jan. 26, the day the Internal Revenue Service begins accepting tax returns. As a taxpayer, ...