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

Tax season is when retirement planning suddenly feels very real, because the right move with an IRA can shrink this year's ...

A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So, this April, existing home equity borrowers may be well-served by ...

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 ...