Here's what you can deduct if you aren't itemizing, along with tax brackets, senior deductions including the phaseout ramp, ...

Taken together with the inflation measure the IRS uses, the agency says that—on average—the inflation-adjusted tax numbers ...

Millions of drivers nationwide will see significant tax relief this year, with the IRS announcing a new deduction. The ...

President Donald Trump’s “Big Beautiful Bill,” which he signed into law in July, includes provisions that could impact many ...

Social Security represents a major source of monthly income for many citizens, especially retirees. The "new" deduction will ...

President Donald Trump’s One Big Beautiful Bill Act, which was recently signed into law, offers Americans a number of tax benefits. It makes many of the changes from the Tax Cuts and Jobs Act (TCJA) ...

The Senate’s version of the “big, beautiful bill,” which passed Tuesday, includes a $6,000 tax deduction for Americans 65 or older. The provision does not entirely end taxes on Social Security, but it ...

The proposed regulations relate to a new deduction for interest paid on vehicle loans incurred after Dec. 31, 2024, to ...

Social media posts claim President Donald Trump just signed a bill that would allow for home gyms to be tax deductible. They are false.

The standard deduction is a popular way for taxpayers to reduce their taxable income. Your deduction amount depends on your age, filing status and other factors. Many, or all, of the products featured ...