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

If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

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

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

It's tax season, and Americans are confronted by a lot of tax jargon when preparing their returns. Stream NBC 5 for free, 24/7, wherever you are. Two types of tax breaks stand out among all the lingo: ...

Federal tax code overhaul under the One Big Beautiful Bill Act delivers sweeping changes for individuals and businesses, ...

The new year has just begun and income tax deadlines are months away, but there's one thing to start considering now. Many ...

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 ...

Tax deductions reduce your taxable income, but tax credits reduce your bill dollar for dollar. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

The IRS has officially released the inflation-adjusted income tax brackets and standard deduction for 2025. Find out the new ...

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 ...