In this episode of Tax Notes Talk, Damien Martin and Tony Nitti of EY discuss the second three of their top six tax cases of 2025, focusing on what qualifies as a deduction in Savage v. Commissioner, ...

The Internal Revenue Service has started to spell out how the new tax law will reshape deductions over the next two filing seasons, and the numbers are big enough to change how millions of households ...

For Americans 65 and older, the 2025 and 2026 tax years are unusually generous. A new senior-focused deduction stacks on top of already elevated standard deductions, creating a chance to shield tens ...