From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax ...

The most significant tax overhaul since 2017 creates unprecedented opportunities—but only for those who act before December 31, 2025.

Charitable tax deductions are about to see the biggest changes in nearly a decade in 2026 thanks to President Donald Trump ’s ...

While the "One Big Beautiful Bill" signed into law by President Trump on July 4 didn't eliminate taxes on Social Security ...

Both the tax brackets and the standard deduction for the 2026 tax year, which is filed in 2027, have increased to reflect inflation. Other changes from the 'One Big Beautiful Bill' have also been ...

Personal tax deductions are available both above and below the line. Business tax deductions are allowed for ordinary and necessary business expenses. In one case, breast implants were deemed a ...

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 ...

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

The pace of natural disasters seems to be accelerating with climate change, prompting taxpayers and tax preparers to search for ways to deduct catastrophic losses. The Federal Disaster Tax Relief Act ...

Up to 85% of your Social Security benefits may be taxed, but a new "senior deduction" can cut taxes—unless your income is too high from working in retirement.

QBI includes the income, minus wage income, deductions, applicable gains and losses, for every eligible pass-through business that a taxpayer operates in the United States or Puerto Rico. This income ...