The policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions ...

Donald Trump’s proposal to eliminate overtime tax has ignited chatter.

A new federal tax deduction will allow eligible taxpayers to deduct interest paid on new car loans beginning this tax year.

President Donald Trump's "big beautiful bill" added the "no tax on overtime" deduction for 2025 returns. Here's how to claim ...

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

This new deduction applies to 2025 through 2028 federal income tax returns. To qualify for the deduction, the interest must be paid on a loan used to purchase a passenger vehicle for personal use that ...

A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a new vehicle assembled in the United States.

IRS does not allow undoing a prior transaction as if it never occurred. You cannot amend your prior year tax return to ...

Gross pay is the amount of money you earn before any payroll deductions are taken out of your paycheck. In contrast, your net pay is the amount of money you take home after deductions like taxes, ...

As a homeowner, you know that your taxes can get complex. Now, with the One Big Beautiful Bill Act (OBBBA) signed into law, you may be wondering what changes you ...