Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

If you borrow money to buy investment assets, the IRS will sometimes allow you to deduct the loan's interest from the taxable ...

H.R. 1, P.L. 119-21, the law commonly known as the One Big Beautiful Bill Act (OBBBA), contains provisions of special ...

Learn how to deduct casualty and theft losses on your taxes effectively. Understand eligibility, criteria, and the filing ...

About 144 million Americans may qualify for the 2026 universal charity deduction, while high earners face new IRS limits.

Salaried individuals can now make their income tax-free in the new tax regime. This is possible by utilising employer ...

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

Most Indians now prefer the new tax regime for its simplicity and higher in-hand pay. Those sticking to the old regime need ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

The source of many disagreements is that people rely, often implicitly, on two radically different notions of “intelligence." ...

Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...

The countdown is on as early taxpayers await for the start of filing season Jan. 26, but there are some changes this year ...