A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax ...

In this episode of Tax Notes Talk, Damien Martin and Tony Nitti of EY discuss the second three of their top six tax cases of 2025, focusing on what qualifies as a deduction in Savage v. Commissioner, ...

Think your deductions are safe? Think again. Here are 10 common write-offs that are actually red flags for an IRS audit.

When tax season rolls around, deductions and credits can make a real difference in how much you owe -- or how much you get back. Deductions lower the portion of your income that's taxed, while ...

As homeowners across the U.S. prepare to file their taxes this season, they may be wondering what deductions they qualify for and whether it's worth itemizing or sticking with the standard deduction.

View post: Extreme Cold Is Dangerous for Older Adults—An 18-Year Medical Alert Expert Explains How to Keep Them Safe (Exclusive) OBBB law introduces significant federal tax deduction changes, ...

These changes, which take effect this year, are designed to provide tax relief across a broad range of categories, from working Americans and seniors to business investment and family support. Notices ...

President Trump’s tax and spending cut bill was signed into law on July 4, 2025. It enacted new tax deduction rules for many Americans, including seniors and certain workers. Changes include no taxes ...

People who use their cars for work will be able to deduct more money per mile on their taxes in the new year. The Internal Revenue Service (IRS) announced this week that the standard mileage rate for ...

China plans to tighten rules around the use of human-like artificial intelligence by requiring providers to ensure their services are ethical, secure and transparent ...