If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your ...

The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

Getting older comes with its fair share of challenges, from health concerns to managing finances on a fixed income. The cost ...

Here, accountants and tax experts share the four deductions most people forget about that cost you money.

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules apply to many tax breaks.

Add Yahoo as a preferred source to see more of our stories on Google. Senior citizens who are also homeowners have to worry about property taxes in most states — but not all! But the reality is more ...

The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. Each ...

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. It includes two federal tax deductions for a portion of an eligible worker’s tips and overtime earnings.

The first tax season under President Trump’s One Big Beautiful Bill Act is fast approaching – and most filers can expect a slew of fresh and enlarged deductions that will result in bigger refund ...