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

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

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what doesn't qualify.

Many Americans miss valuable tax write-offs each year. Here are seven overlooked tax deductions that could reduce taxable ...

If you took out a car loan last year, you might be able to write off up to $10,000 of interest on the loan when you file your tax return this year.

When retirees file their 2025 tax return by April of 2026, they may get very pleasant news. Many seniors who are 65 and over ...

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

One of the ways to reduce your liability this tax year is to decrease your taxable income. And the best way to do this is by taking advantage of tax ...

Financial advisor fees are not tax-deductible now, but there are still tax benefits from working with an advisor.

At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...

Filing taxes too quickly can cost money. Six commonly missed tax breaks could lower taxable income and help middle-class ...