Key Takeaways Between 2025 and 2028, Americans aged 65 and older will receive an additional $6,000 deduction if they itemize ...

The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...

Year-end planning can significantly boost the benefits of new tax changes, helping taxpayers reduce liabilities and maximize deductions.

President Trump's promise of "no tax on tips" and "no tax on overtime" is finally moving from campaign slogan to practical reality, as the Internal Revenue Service begins spelling out how workers and ...

GREENSBORO, N.C. — Update: The U.S. House passed President Trump's "One Big Beautiful Bill." A new tax proposal from President Donald Trump could give seniors a break, but critics say it comes at a ...

For those not versed in the lingo of taxes, the distinction can be confusing. But understanding which path is right for you ...

The One Big Beautiful Bill Act makes major temporary tax cuts from 2017 permanent for high earners and businesses, reshaping the relationship between federal taxation and high earners.

What is no tax on overtime deduction and where it is not applicable is a key policy question after the Trump administration approved a federal overtime tax deduction under the One Big Beautiful Bill.

Our Taxes Explained series aims to make tax policy clear and accessible. We want people to know what’s on the line and understand how Trump’s tax cuts are designed specifically to benefit the ...

Tax deductions sound appealing until you realize you’re spending a dollar to save 25 cents. Borrowing against your home to ...