The standard deduction is set to climb again for the 2025 tax year, with married couples filing jointly able to shield ...

A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...

Tax brackets will shift upward for 2026, meaning more income will be taxed at lower rates before hitting higher tiers. The ...

New deductions will lower the tax bills for many Americans. Those who prefer to pay less in taxes throughout the year may ...

EASTHAMPTON — Hogan Technology, a managed technology services provider, is encouraging business owners to take advantage of the 2025 IRS Section 179 tax deduction that allows companies to immediately ...

Starting in 2025, the cap for deducting these taxes has been raised from $10,000 to $40,000. The caps are expected to be raised 1% every year through 2029, before reverting back to $10,000 in 2030.

Question: I recently purchased a new airplane and had to pay $22,000 in sales tax. Will I be able to deduct the sales tax on my individual income tax return as a federal itemized deduction? Answer: ...