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

The standard deduction for a widow over 65 can be higher than that of the average taxpayer. This has the potential to lower your taxable income and reduce your federal tax bill. This is because widows ...

Millions of households are on track to legally shrink their federal income tax bill to zero in 2025, thanks to a mix of higher deductions, expanded credits and targeted breaks in President Donald ...

Discover if you can deduct IRA contributions based on your participation in employer-sponsored plans, filing status, and MAGI. Learn the rules you need to know.

The ruling confirms that notional disallowances under Section 14A cannot be added while computing book profits under the MAT ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Effective January 1, 2026, the One Big Beautiful Bill Act ...

Get our breaking news email, free app or daily news podcast Cabinet minister Chris Bowen says Turnbull-era rules about travel expenses for politicians were changed by the Albanese government before ...

Thanks to the Section 179 deduction, you might not have to wait around to depreciate your business’s assets. Many, or all, of the products featured on this page are from our advertising partners who ...

Exclusive: Prime minister defends Anika Wells as controversy over use of taxpayer-funded travel entitlements continues Follow our Australia news live blog for latest updates Get our breaking news ...

Nine tax strategies the wealthy use to keep more money—and why some work for everyday earners with the right guidance. All ...