In this episode of Tax Notes Talk, Damien Martin and Tony Nitti of EY discuss the second three of their top six tax cases of 2025, focusing on what qualifies as a deduction in Savage v. Commissioner, ...

The Internal Revenue Service has started to spell out how the new tax law will reshape deductions over the next two filing seasons, and the numbers are big enough to change how millions of households ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So, this April, existing home equity borrowers may be well-served by ...

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership. Common tax breaks available to homeowners include a mortgage interest ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...