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Bought a car, worked overtime, or earned tips? The IRS may owe you money under a new law
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.
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Are political donations tax deductible? What the IRS says
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.
You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...
You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...
The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.
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