The new federal tax deduction could dramatically reduce your tax bill this year. But it's not exactly tax-free. We break down the critical rules and qualifications.

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

A for tax year 2025 tied to the “One, Big, Beautiful Bill,” offering deductions for tips, overtime pay, car loan inte ...

Learn about new 2025 tax deductions and credits from the OBBBA, including overtime, senior and car loan breaks, so you can avoid missing valuable tax savings.

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

Don’t overlook these new tax deductions and credits that can help put more money in your pocket. CPA and TurboTax expert Miguel Burgos fills us in.

For many Americans, tax season delivers the biggest single financial boost of the year. But this year’s filing season may also be one of the most confusing in decades — and that confusion could cause ...

Tax refunds are arriving for many, but a spike in gas prices and fears of rising inflation could put a damper on what ...

See how the SALT deduction can cut your tax bill. Learn which state and local taxes you can deduct, how the SALT cap applies, and why it matters.

The South Carolina Senate Finance Committee voted 17-2 Tuesday to pass IRS conformity legislation that would allow tipped ...