Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...

The new federal tax deduction could dramatically reduce your tax bill this year. But it's not exactly tax-free. We break down the critical rules and qualifications.

Americans filing their taxes this year will see several significant changes — including a larger standard deduction, new tax breaks on tips and overtime pay, and an expanded deduction for seniors. The ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

Locksmiths, tattoo artists and pedicab drivers are among those who could benefit from a new deduction this tax season that lowers the burden on workers who received tips as part of their income last ...

Don’t overlook these new tax deductions and credits that can help put more money in your pocket. CPA and TurboTax expert Miguel Burgos fills us in.

The United States is in the thick of tax season, and those who have filed their taxes already might have found that their tax ...

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

Michigan workers and retirees will see new tax breaks for tips, overtime and retirement income in 2026. But what do you do on ...