A buried provision in Trump's "Big, Beautiful Bill" limits gambling loss deductions to 90% while taxing 100% of winnings.

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 ...

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.

Here's a look at whether you should be delighted or worried about the bill. (Spoiler: You may want to put away the confetti ...

The proposal, which Congress passed as part of the president’s tax-and-spending megabill, won’t eliminate taxes on tips ...

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s ...

While there may be other items on your small-business tax checklist, these items can help you reduce mistakes and ensure you don’t miss out on potential tax savings.

In the classic Schoolhouse Rock song “I’m Just a Bill,” the bill laments the prospect of waiting with other bills, hoping to ...

The standard deduction will go up for 2025 tax returns by $400 from 2024 for single taxpayers and married individuals filing separately.

The Internal Revenue Service (IRS) has announced new income thresholds for the 2024 tax season. The changes are meant to offset the impact of inflation.

The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.

Know before you file: Look at the 2024 tax brackets and increased standard deductions for all filing statuses.