From student loan interest to retirement contributions, explore above-the-line tax deductions that could reduce your taxable income and lower your tax bill.
This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.
Make sure you claim all the expenses you can when you prepare your 2025 income taxes. We’re here to help you minimize your ...
The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. New IRS guidance can help taxpayers figure the deductions. The IRS has released ...
If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible.Some of the changes, ...
Since the 2017 tax reform, fewer donors are able to claim deductions for their gifts. But with the right strategies, you may be able to turn your generosity into tax savings this year—before new ...
The IRS has released the new income limits for federal income tax brackets for the tax year 2026. The brackets you fall into determine how much you owe at tax time. For 2025 returns, which will be ...
As you sort through your taxes before filing this year, don’t forget that you could be eligible for certain credits and deductions. And note that there are some new breaks you might qualify for, too.
A new, temporary 'senior bonus' will enable many taxpayers age 65 and older to deduct up to $6,000 in income from their federal returns. You must file a new Schedule 1-A. The new enhanced deduction ...