Check your tax withholding at the start of each year, even if your circumstances seemingly stayed the same. Tax laws change.

The tax and IRA expert discusses the higher SALT tax cap, a new senior deduction, and higher retirement-plan contributions ...

The Internal Revenue Service (IRS) has updated the cents-per-mile rates for calculating tax-deductible vehicle operating ...

Tax changes signed into law in 2025 could bring bigger refunds this year. When does tax season start? When will refunds come?

An Oklahoma senator’s resistance threatens bipartisan efforts to restore full gambling loss tax deductions, keeping higher ...

Wicketkeeper Sam Harper (231 at 115.50) has hit a maiden T20 hundred as well as a half-century to lead their runs tally amid a Big Bash renaissance following three lean seasons, while Stoinis, Maxwell ...

Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to bigger tax refunds. That’s if they play their cards right on the SALT ...

American taxpayers aged 65 and older will receive a new $6,000 bonus tax deduction next year as part of President Donald Trump’s One Big Beautiful Bill Act. The temporary deduction comes alongside ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...

The SALT deduction is only available to taxpayers who itemize their deductions rather than claiming the widely used standard deduction The decision on whether to take the standard deduction or itemize ...

Some new rules concerning the deductibility of charitable contributions were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act. The changes introduce incentives ...