Self Employed on MSN

IRS Raises Tax Brackets For 2026

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

Standard deduction hits $31,500 for married filers in 2025

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

IRS releases guidance for Trump's 'no tax on tips' and overtime deductions: What to know

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

IRS Guidance on Claiming the New Tax Deduction for Tips and Overtime Pay

For tax years 2025 -2028, the One Big Beautiful Bill Act (OBBBA) allows employees to take an above-the-line tax deduction on qualified overtime ...

3 Tax Moves to Make Before Year-End for Bigger Deductions

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

Are you eligible for the new $6,000 senior tax deduction?

The One Big Beautiful Bill Act has supersized the standard deduction for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim up to $6,000 in addition to the ...