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, ...

Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...

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 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.

The IRS on Tuesday announced new inflation-adjusted tax brackets for the coming year, setting the standard deduction for a single filer at $15,000 and for a married couple at $30,000 for the first ...

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

"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 ...

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 ...

One of the most notable changes the IRS has announced are standard deductions rising and individual tax brackets shifting. Starting in tax year 2025, single taxpayers and married individuals ...

The Internal Revenue Service on Tuesday announced the annual inflation adjustments for standard deductions ... isn't on the list “Each year, select elements in the tax code are adjusted by ...

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.