Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard ...

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

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 provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

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

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to reporting requirements.

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

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

DC just suspended major new federal tax breaks, and the move could spark big changes in Georgia’s own tax rules. Here's what ...

Still, residents who qualified for those tax breaks would lose out. A qualifying senior who can't claim the extra $6,000 deduction on a tax return would lose $360 to $390, estimated Richard Pon, a San ...

Just when you thought you knew your federal income taxes, here comes a curveball: Key tax breaks are disappearing in 2026. During his first presidency, Donald Trump signed the Tax Cuts and Jobs Act ...

The impact of the Republicans' tax and spending law could result in the "largest refund season of the last decade," a Wall ...