If your taxable income is too low, you may not benefit from the new $6,000 tax deduction.

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

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

Two bills that would cut taxes for Pennsylvanians in two very different circumstances advanced through a state Senate panel ...

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what ...

When retirees file their 2025 tax return by April of 2026, they may get very pleasant news. Many seniors who are 65 and over ...

Section 179 covers tangible property such as machinery, equipment, computers, and certain off-the-shelf software “acquired by purchase” for use in the active conduct of your trade or business.

For many Americans, tax season delivers the biggest single financial boost of the year. But this year’s filing season may also be one of the most confusing in decades — and that confusion could cause ...

At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...