Consumer Reports breaks down what some of the biggest changes mean for you and what to do if you end up owing Uncle Sam.

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 ...

Tax season is underway and you have until April 15 to file your return with the IRS. For many, especially first-time filers, taxes can be daunting and it’s tempting to leave them until the last minute ...

Tax season is underway and you have until April 15 to file your return with the IRS. For many, especially first-time filers, taxes can be daunting and it’s tempting to leave them until the ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

A new tax break offers deductions of up to $10,000, but income limits and loan rules mean most buyers will see much smaller ...

The IRS will allow up to $10,000 in car loan interest deduction starting with 2026 tax filings for the 2025 tax year. This new federal tax break applies to qualifying new vehicles purchased after ...

This type of insurance includes liability coverage, which can shield you if you're found at fault for damages to someone else. It also pays to repair or replace your property's structure if it's ...

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.

Learn who qualifies for home office tax deductions, how to calculate them, and other business write-offs like car mileage and supplies.

David Oeth from Volunteer Income Tax Assistance sat down with ABC 6 News to outline four major changes that could save people money when filing their taxes.