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.

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

Using a tax prep checklist can help reduce your tax-time stress. Here's a roundup of the documents and information you'll need to file your tax return this year.

A tax deduction lets you deduct (subtract) certain expenses from your taxable income. That leaves you with a smaller tax bill. It is important to note the difference between a deduction and a tax ...

Trump's One Big Beautiful Bill includes a $10,000 car loan deduction — but strict rules mean most Americans won't qualify or ...

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

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 ...

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

The Trump administration released its preliminary list of occupations not required to pay income tax on their tips under Republicans’ new tax cuts and spending bill. Occupations that qualified were ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

The Treasury released a preliminary list of 68 occupations that may be eligible for President Donald Trump's "no tax on tips" deduction. But some jobs from the list may not qualify, depending on ...