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 ...

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 ...

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 ...

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.

Federal tax refunds are expected to rise sharply in 2026, with the average payment increasing by $1,000 for millions of Americans.

The IRS has released provisions from the One Big Beautiful Bill Act (OBBBA) for workers who can claim deductions for the 2025 ...