The Internal Revenue Service has started to spell out how the new tax law will reshape deductions over the next two filing ...

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

It might be challenging to think of the Internal Revenue Service as offering taxpayers choices. After all, income taxes aren’t optional. However, the IRS empowers you with one clear choice every time ...

Senior discounts are commonplace in restaurants, but there's one for taxes too. It's called the extra standard deduction, exclusively for people who are 65 years and older by the end of the tax year.

Below are details of many of the tax provisions in the act commonly known as the One Big Beautiful Bill Act, which was signed into law Friday by President Donald Trump. The House approved the measure ...

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 ...