The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

Wondering how much tax relief you can claim? Learn how IRS credits, deductions, payment plans and settlements affect the ...

Think your deductions are safe? Think again. Here are 10 common write-offs that are actually red flags for an IRS audit.

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

View post: Extreme Cold Is Dangerous for Older Adults—An 18-Year Medical Alert Expert Explains How to Keep Them Safe (Exclusive) OBBB law introduces significant federal tax deduction changes, ...

These changes, which take effect this year, are designed to provide tax relief across a broad range of categories, from working Americans and seniors to business investment and family support. Notices ...

Despite bipartisan support to repeal the new law that lowers tax deductions on gambling losses from 100% to 90%, an Oklahoma senator has come out in support of the tax change. He’s the first federal ...

For some people, tax refunds could turn out to be much bigger in 2026 than expected after dramatic changes in key tax rules hit 2025 federal income tax returns. But the upcoming tax season likely will ...

President Trump’s tax and spending cut bill was signed into law on July 4, 2025. It enacted new tax deduction rules for many Americans, including seniors and certain workers. Changes include no taxes ...

People who use their cars for work will be able to deduct more money per mile on their taxes in the new year. The Internal Revenue Service (IRS) announced this week that the standard mileage rate for ...