The new federal tax deduction could dramatically reduce your tax bill this year. But it's not exactly tax-free. We break down the critical rules and qualifications.

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

Learn about new 2025 tax deductions and credits from the OBBBA, including overtime, senior and car loan breaks, so you can avoid missing valuable tax savings.

Don’t overlook these new tax deductions and credits that can help put more money in your pocket. CPA and TurboTax expert Miguel Burgos fills us in.

Locksmiths, tattoo artists and pedicab drivers are among those who could benefit from a new deduction this tax season that lowers the burden on workers who received tips as part of their income last ...

Tax refunds are arriving for many, but a spike in gas prices and fears of rising inflation could put a damper on what ...

See how the SALT deduction can cut your tax bill. Learn which state and local taxes you can deduct, how the SALT cap applies, and why it matters.

The South Carolina Senate Finance Committee voted 17-2 Tuesday to pass IRS conformity legislation that would allow tipped ...