Drivers are looking a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 federal ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

Learn how the new "no tax on tips" deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work ...

Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...

Discover three major new tax deductions for 2025/2026 from the OBBBA law. Learn if you can deduct income from tips, overtime ...

Americans who are 65 and older got a hefty new tax break under the massive tax bill that President Donald Trump signed into law on July 4: A new bonus deduction that’s worth as much as $6,000 per ...

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

Understanding your 1040 is the best way to legally minimize your taxes. Top tax professionals will tell you that effective tax planning needs to be proactive, not reactive. The best tax planning needs ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in ...