Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

As tax season approaches, homeowners in the U.S. are eager to understand the deductions available for 2026. While tax ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership. Common tax breaks available to homeowners include a mortgage interest ...

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

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...