Many of the most impactful tax provisions in the "One Big Beautiful Bill" (OBBB), which President Trump signed into law on ...

Tax deductions can lower the amount of income that is subject to tax. Here's more on how tax deductions work, plus 25 tax breaks that might come in handy.

Joy Taylor: Yes. Taxpayers who itemize on Schedule A can deduct qualifying medical expenses to the extent that the total ...

The deadline for public comment on the proposed No Tax on Tips rule is this week. Restaurant industry groups say the rule ...

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

Starting this tax season, workers who customarily receive tips will be able to deduct from their taxed wages up to $25,000 made in tips. This include workers such as barbers, hair stylists, bartenders ...

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 One Big Beautiful Bill Act made permanent the individual tax cuts from President Trump’s first term and augmented them with additional tax cuts. The average taxpayer in every part of the country ...

A lot of tax planning during the first half of 2025 was focused on what might happen if the individual provisions of the Tax Cuts and Jobs Act were allowed to expire at the end of 2025. Thanks to the ...

You'll want to keep track of a long list of details associated with these tax breaks as we get closer to year-end. The draft for Schedule 1-A gives some specifics. To claim the new deduction on car ...