Taken together with the inflation measure the IRS uses, the agency says that—on average—the inflation-adjusted tax numbers ...

President Donald Trump’s “Big Beautiful Bill,” which he signed into law in July, includes provisions that could impact many ...

New tax brackets, higher standard deductions and expanded credits are now in effect — changes that could boost paychecks and ...

The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

As tax season ushers in changes for 2026, taxpayers will encounter new deductions such as those for overtime pay, but high ...

Many taxpayers might miss these valuable tax deductions and credits for 2026, from HSA contributions to the new senior ...

Tax deductions can impact your taxable income, reduce your overall tax liability and potentially increase your refund. Tax deductions are specific expenses that the IRS allows taxpayers to subtract ...

Discover tax-saving strategies for financial advisors, including deductions on business expenses, entity structuring, and maximizing retirement savings.

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

Not all tax deductions are created equal as some can have a more favorable impact on your tax bill than others. This is the case with above-the-line and below-the-line deductions. Although both types ...

While individuals with Donor Advised Funds stepped up during COVID and the subsequent financial downturns in 2022, and large ...