President Donald Trump's "big beautiful bill" added the "no tax on overtime" deduction for 2025 returns. Certain workers can deduct up to $12,500 for single filers or $25,000 for married couples ...

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

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 ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

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.

The new, temporary senior deduction gives taxpayers 65 and older who fall within income limits the opportunity to deduct up ...

Common forms of tax relief include tax credits, deductions, penalty relief, and payment plans. Eligibility for tax relief ...

Can you claim the home office tax deduction this year?

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

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

The IRS will allow up to $10,000 in car loan interest deduction starting with 2026 tax filings for the 2025 tax year. This ...