A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...

To qualify for the full deduction, your taxable income can’t be more than $100,000 if you’re a single filer or $200,000 if ...

New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

A new bill introduced in the Illinois Senate would allow drivers to write off interest paid on certain car loans, closely ...

A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a ...

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

Tax season is underway and you have until April 15 to file your return with the IRS. For many, especially first-time filers, ...

Surprising Facts about American Taxes & Taxpayers Knowing a few facts and trivia about American taxes can help take the edge ...

States differ on whether to conform to HR-1, leaving taxpayers with a patchwork of rules depending on where they live.