Welcome to your home tax deduction checklist! For homeowners, this kind of guidance is essential in the wake of all the changes ushered in by the new tax plan, the 2017 Tax Cuts and Jobs Act.

All new car and truck buyers who take out a car loan won't qualify for the tax deduction. Much will depend on your income, ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

The Senate unexpectedly passed the No Tax on Tips Act in a unanimous vote Tuesday, giving weight to the prospect of ...

The Internal Revenue Service (IRS) on Tuesday announced its inflation adjustments to tax brackets and deductions for the ... We've added you to our mailing list.

"Bracket creep occurs when inflation, rather than real increases in income, pushes people into higher income tax brackets or reduces the value they receive from credits and deductions," Alex ...

Well, here’s how it all breaks down for your 2024 tax filing that needs to be done by the start of spring next year. An announcement from the IRS reads, “The standard deduction for married ...

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take: American Opportunity Tax Credit: If no one else claims you as a ...

Included in the adjustments are increases in the standard deduction, the earned income tax credit and more. As far as tax rates are concerned, the IRS released the following marginal tax rates for ...

The Internal Revenue Service on Tuesday announced the annual inflation adjustments for standard deductions, marginal tax rates, earned income tax credits, adoption credits and more for 2025.