For older taxpayers, the new senior tax break is one of the most generous federal perks in years, effectively letting many retirees erase thousands of dollars of income from the IRS's reach.

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

Some people who’ve bought a new car recently might be eligible for up to a $10,000 deduction on their federal taxes. As part of the ‘One Big Beautiful Bill’ passed by Congress early last year, a ...

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies when filing in 2026.

Confused about tax relief? Learn what tax relief means, how IRS programs work and what options may help reduce or manage your tax bill.

If you are planning to take out an auto loan to purchase a car, you now may get a tax break thanks to President Trump's recently passed tax cut law. One of the many provisions introduced under the ...

When tax season rolls around, deductions and credits can make a real difference in how much you owe — or how much you get back. Deductions lower the portion of your income that’s taxed, while credits ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...

Wondering how much tax relief you can claim? Learn how IRS credits, deductions, payment plans and settlements affect the ...

Taxes usually feel straightforward until real life complicates them. Beyond the familiar deductions, the IRS has approved a ...

President Donald Trump’s signature “one big beautiful bill” promises to let workers keep more of what they earn by making tips and overtime wages — tax-free. For the hundreds of thousands who rely on ...