A tweak to the deductibility of gambling losses may not bring in a lot of tax revenue, but it could certainly alter a lot of ...

Despite uncertain economy, Gov.Hobbs determined to cut taxes Curbing universal vouchers for private and parochial schools is ...

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

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

For 2026, the amount is $16,452. If you make $181,400 or less, you are eligible for the full tax credit worth $2,303 as it is ...

The One Big Beautiful Bill Act (OBBBA) is a massive re-write of the federal tax code. The legislation offers several new credits and deductions that could potentially lower your tax bill in the year ...

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.

The One Big Beautiful Bill Act introduces a few provisions that change how (or how much) taxpayers are incentivized to make ...

Millions of households are about to discover that President Donald Trump's new tax rules make a zero-dollar federal income ...

The federal tax refund acts as a crucial financial reset for Americans, with expectations for larger refunds in 2026 due to new regulations ...

Advances made by a taxpayer in its business of managing an arena were not bona fide debt, and the taxpayer was not entitled ...

Here's how the new IRS inflation adjustments are increasing the contribution limits for your 401(k) and IRA in the new year.