A new 2025 tax law reshapes key deductions, affecting SALT limits, seniors, and car loan write-offs for millions of Americans ...

These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong. Here's how to get it right.

Learn how the IRS updated 2026 tax brackets and thresholds, what's new compared with 2025, and smart ways to plan your taxes ...

New tax changes from OBBBA in 2026 could significantly impact charitable deductions by altering how donors give.

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

Retirees may overlook valuable tax deductions that could lower their IRS bill. Learn eight commonly missed write-offs, ...

It was indeed possible to claim tax deductions in certain scenarios, such as medical costs for licensed service animals, performance animals, donations to qualifying nonprofits that support animal ...

Taylor Tepper covered banking, investing and pretty much everything else in personal finance for more than a decade, with his work appearing in the New York Times, Fortune and MONEY magazine, as well ...

There's a higher SALT cap of $40,000 on property taxes, a higher child tax credit, new deductions for elderly residents, no ...

Some taxpayers love to test the IRS boundaries on allowable deductions. Consider the business owner who had his store burned down and tried to deduct the arsonist's payment as a "consulting fee," or ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...