How much tax you owe depends on your income, but the IRS allows you to claim deductions that reduce your income and the amount of tax you owe. Keep reading to learn about the two main types of ...

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

Wondering how the new mega tax law will affect your paycheck and taxes? Some of the answers lie in the new W-2 form employees will start getting for tax year 2026. The IRS recently released drafts of ...

The “One, Big, Beautiful Bill Act” (OBBBA), signed into law by President Trump in July 2025, introduced four generous tax deductions for millions of Americans: qualified tips, overtime compensation, ...