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

A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...

It could be worth the time this holiday to consider these tax moves before year end. They could save you money in 2025 and ...

Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard ...

Tax refunds are likely going to be supersized in 2026 because of the One Big Beautiful Bill Act, which made major reforms to ...

Takeaways For tax years 2025 -2028, the One Big Beautiful Bill Act (OBBBA) allows employees to take an above-the-line tax deduction on qualified overtime pay and qualified tips.

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

With the passing of the One Big Beautiful Bill Act, new changes to your charitable contribution deductions could be significant depending on whether you give in 2025 vs 2026.

(a), taxpayers may deduct expenses paid during the tax year for medical care, provided these expenses are not compensated by ...

The holidays are the traditional time for giving as people look to spread holiday cheer and get tax benefits. Here's what you ...