Drivers buying new U.S.-assembled vehicles could unlock major tax savings in 2026. Trumps new tax law allows up to $10,000 in ...

A campaign promise is now law. Learn about the new federal tax deduction for tipped income, who qualifies, and how it could ...

Is college tuition tax-deductible? Learn the difference between deductions and credits and how students or parents can still ...

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

Form 4684 allows individuals, businesses and estates to claim deductions against any unexpected losses due to theft or disasters. These deductions can help reduce taxable income, but they come with ...

Social Security represents a major source of monthly income for many citizens, especially retirees. The "new" deduction will ...

(The Center Square) – Millions of Americans who work overtime shifts or receive tips will be eligible to claim new deductions on their 2025 tax returns, the Trump administration announced Friday.

Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...

The massive new tax law temporarily boosts the maximum amount you can claim under the state and local taxes (SALT) deduction to $40,000, from $10,000, starting in 2025. (For those who are married ...