New tax deductions have been enacted for many working Americans and seniors. Here’s what you need to know about the new laws ...
Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...
Social Security numbers (SSNs) must be shown on the return for each child for whom the credit is being claimed, but also, new ...
The Internal Revenue Service released new rules this week for a tax break that lets you deduct up to $10,000 in car loan ...
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 ...
Under Notice 2025-62, the Internal Revenue Service provided guidance to employers whose employees receive tips or overtime as to the procedures to follow for documenting qualified tips and qualified ...
There's less than 48 hours left in 2025. Make them count with these expiring tax-savings moves to help you start 2026 with ...
Key Takeaways You can subtract up to $25,000 of the tips you earned from your 2025 taxable income, which lowers your tax burden.However, you'll have to calculate the deduction yourself. Workers who ...
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