The mileage tax deduction can lower your tax bill if you qualify. Learn who’s eligible, which method saves more and how to claim it correctly in 2026.

The Government Accountability Office has repeatedly found that a significant share of large U.S. corporations paid no federal income tax in at least one profitable year. Its findings, summarized in a ...

Learn 10 U.S. tax laws and rules that consistently shape how small businesses are taxed, based on IRS guidance and federal ...

New IRS guidance tied to the 2025 US tax law may allow more aircraft buyers to qualify for 100% bonus depreciation, NBAA says ...

Find out what qualifies for this bonus deduction.

Plus: Bonus depreciation is back, opening a Trump account, California’s billionaire tax, Head of Household filing status, Taxes From A to Z, tax trivia and more.

How much will my tax refund be? According to the IRS, the average refund amount for 2025 stood at $3,186, 3.2% higher than 2024's average tax refund of $3,088. BankRate notes the lowest return amount ...

The IRS will open the 2026 tax season on Monday, Jan. 26, and if you're filing your own 2025 income tax returns, you may need to use a tax calculator.

Income tax is a government-levied tax on income generated by individuals and businesses. Taxes are used to fund public services, government obligations, and infrastructure like schools and roads.

For profitable business owners, the biggest tax risks are mis-timing and misfit. Strategies like S Corps and PTET aren’t hard to find; what’s hard is knowing, early enough, whether they actually apply ...

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. Investopedia / Photo Composite by ...

The One Big Beautiful Bill Act (the “Act”) includes significant amendments to bonus depreciation under Section 168(k). The Act permanently reinstated “bonus” depreciation at 100% of the cost of ...