Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

Understand the W-4 form, its purpose, and how to complete it accurately to ensure correct federal income tax withholding from your paycheck.

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 ...

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 ...

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 new forms show how new laws, ...

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, ...

The "One, Big, Beautiful Bill Act" (OBBBA), enacted by President Trump in July 2025, includes a substantial and welcome benefit for older Americans: an enhanced tax deduction specifically for seniors ...

I've been looking at all the IRS publications and have not been able to get a straight forward answer so far. Here is my situation: - I paid AMT for 2008 - I took itemized deductions in 2008 - I paid ...

Many of the jobs lost in the Great Recession may be back, however, there are always some people in the job market. It's healthy to have an unemployment rate of roughly 5 percent to 6 percent, as it ...