Seniors could get a bigger tax deduction this year, but the rules matter. Here's what to know before filing.

Nearly 20 million returns have already claimed President Donald Trump's "no tax on overtime" deduction. Here's what the ...

The One Big Beautiful Bill Act created a temporary car loan interest deduction for American-made vehicles through 2028, which ...

A new tax deduction allows buyers to claim up to $10,000 a year on interest paid for new, American-made cars. The deduction applies to qualifying vehicles purchased between Jan. 1, 2025, and Dec. 31, ...

Tax credits and deductions both lower your tax bill, but they work very differently. Here's what you need to know.

For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their federal return.

Robert Goulder and Joseph Thorndike of Tax Notes trace the origins of the state and local tax deduction from its early role ...

A new senior tax deduction under the One Big Beautiful Bill Act could help about 30 million older Americans lower their ...

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

The One Big Beautiful Bill Act introduced a new tax deduction that many retirees can take advantage of. While the deduction ...

A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a ...

Sen. Ruben Gallego asked Treasury Secretary Scott Bessent to raise the IRS per-mile deduction for ride-hailing and delivery ...