The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

There is an above-the-line deduction available for many individual taxpayers for qualified tuition and related expenses. The deductible expenses are defined in the same manner as they are for the ...

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

You might not want to hear this, but it’s already time to start thinking about tax preparation. Although April feels far away, the earlier you begin planning your tax filing, the more likely it is you ...

The IRS issued guidance clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to the meal ...