For older taxpayers, the new senior tax break is one of the most generous federal perks in years, effectively letting many ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership. Common tax breaks available to homeowners include a mortgage interest ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

“Barring Congressional Action, tax rates are set to revert to pre-Tax Cuts and Jobs Act levels at the end of 2025.” I scribbled out that same general line on numerous occasions since the TCJA was ...