If you're nearing retirement age or already there, tax season might be about to get a little less painful. A significant new ...

The IRS has updated standard deduction amounts for 2026 to reflect inflation and recent law changes, helping taxpayers avoid ...

The Treasury and IRS are implementing President Trump’s auto loan interest tax deduction, allowing eligible buyers to deduct ...

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

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

Here's what you can deduct if you aren't itemizing, along with tax brackets, senior deductions including the phaseout ramp, ...

I will turn 65 in March. If I wait until then to file my federal income taxes, can I get the bigger senior deduction ? They ...

The proposed regulations issued today relate to a new deduction for interest paid on vehicle loans incurred after Dec. 31, ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

Explore how tax relief programs can help you lower your tax bill and settle debts. Learn about deductions, credits, and ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...