Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

The One Big Beautiful Bill Act created a temporary car loan interest deduction for American-made vehicles through 2028, which ...

Learn about new 2025 tax deductions and credits from the OBBBA, including overtime, senior and car loan breaks, so you can avoid missing valuable tax savings.

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...

Every year, millions of Americans file their taxes hoping to get the most out of their deductions - and every year, some of ...

Sens. Cory Booker and Chris Van Hollen each released their own tax plans that essentially equate to middle class tax cuts.

The club’s owners discovered payments made under Roman Abramovich’s stewardship to unlicensed agents to facilitate signings such as Eden Hazard.

The new senior tax deduction is worth up to $6,000 per qualifying individual. This will give the average senior an extra $670 in after-tax income. Some seniors will not qualify for this deduction. The ...

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

The deduction is designed to help seniors reduce their taxes through 2028. The lowest-income seniors are unlikely to benefit from the deduction. Experts worry about the impact the tax break will have ...