New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

Learn who qualifies for home office tax deductions, how to calculate them, and other business write-offs like car mileage and supplies.

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS guidance can help figure the deductions.

JACKSONVILLE, FLORIDA / ACCESS Newswire / February 10, 2026 / The 2026 tax filing season began Monday, January 26, and ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

For members of the National Guard or military reservists, you can deduct partial travel expenses for attending meetings or drills more than 100 miles from home, even if you don’t itemize. You can ...

Self-employed individuals have their own unique opportunities at tax time. Here are some of the most generous tax deductions available to the self-employed.

A practical walkthrough of individual tax-planning essentials ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...

Although paying taxes is a fact of life, the IRS offers taxpayers the ability to reduce what they owe via various tax credits and tax deductions. A tax credit reduces the amount of taxes you owe ...