Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What ...

The day you’ve been dreading is not too far away: Tax Day. To prepare for that ominous deadline — or see what you can do better next year — start organizing your finances and look for every single tax ...

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what ...

Home improvements can make your home more comfortable, raise its value and lower energy costs over time. Some projects may also qualify for tax credits or deductions. These tax breaks can reduce what ...

Instead of bolstering relief to help families access critical public goods and services, Republicans in Congress are pushing policy changes to help the rich keep or grow their wealth. A fierce tax ...

Thomas is a native of upstate New York and a graduate of the University at Albany. As a former member of CNET's How To team, he wrote about the intersection of policy, information and technology, and ...

Tax season: Everyone’s favorite time of year has just begun. This year, the Internal Revenue Service opened the tax filing season on Jan. 27. The deadline for filing (without an extension) is April 15 ...

See how the SALT deduction can cut your tax bill. Learn which state and local taxes you can deduct, how the SALT cap applies, and why it matters.

Americans who are 65 and older got a hefty new tax break under the massive tax bill that President Donald Trump signed into law on July 4: A new bonus deduction that’s worth as much as $6,000 per ...

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what ...