New 2026 federal income tax brackets and standard deduction amounts have been released by the Internal Revenue Service — and the changes may affect how much Americans owe when they file in 2027. The ...

Clients will need more help than usual this tax season, as last summer’s H.R. 1, P.L. 119-21, known as the One Big Beautiful Bill Act, made federal taxes more complicated for many individuals. The law ...

WASHINGTON — The Internal Revenue Service released new rules this week for a tax break that lets you deduct up to $10,000 in car loan interest if you buy an American-made vehicle. This means if you’re ...

Taxpayers who bought a new car in 2025 may qualify for a new tax break in the upcoming filing season - so long as that vehicle was made in the United States, the Internal Revenue Service said.

Benjamin Franklin famously quipped that there’s nothing certain in life other than death and taxes. Any changes to the latter pique the interest of most Americans. As it does annually, the IRS ...

The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful Bill Act, taxpayers 65 and older can claim an additional $6,000 without itemizing their ...

Older taxpayers now have access to some of the most generous standard deduction rules on record, and the stakes are high for anyone trying to stretch retirement income. The federal tax code offers an ...

The new year will bring a host of tax benefits that Americans can take advantage of when filing their taxes in a few weeks. The IRS released its guidance for the "no tax on tips" and "no tax on ...

Tax season officially opens on Monday, January 26 — but before you file your 2025 return, you need to know what's changing for 2026. New tax brackets are in effect, the One Big Beautiful Bill (OBBB) ...

Military reservists and National Guard members are entitled to a tax benefit for unreimbursed business expenses for drill mileage, lodging, meals and other incidental expenses -- but only if they or ...