The tax and spending bill, which must still pass in the Senate, includes sweeping changes to the tax code, Social Security ...

As the One Big Beautiful Bill Act (OBBBA) faces a critical test in the Senate, opponents are pointing to a Congressional ...

If you choose the new tax regime, you would not be able to claim the following 7 major deductions, check them out.

More than one-quarter of the agency’s workers have left in the past three months, raising the likelihood of service gaps and ...

The National Taxpayer Advocate report notes that the IRS historically receives more calls after significant changes in tax law, so it may need additional employees and improved digital tools to ...

A tax deduction reduces your taxable income and how much tax you owe. ... Self-employment expenses, including the home office deduction and health insurance premiums deduction; ...

The costs to raise a family, own a home and afford healthcare would be directly impacted by the bill. Its specifics matter to the parents of little kids and to people who are age 65 and older. The ...

Whether you’re a salary earner or a small business owner, there’s a good chance you’re leaving money on the table with these tax deductions.