The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

Will you stop paying taxes on your tip income? New tax rules may allow some workers to reduce their tax liability on ...

Make sure you claim all the expenses you can when you prepare your 2025 income taxes. We’re here to help you minimize your ...

You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

Donald Trump’s proposal to eliminate overtime tax has ignited chatter.

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. Photo by Drew Angerer / AFP via ...

Tax Tip Tuesday explains the new “no tax on tips” deduction and who qualifies. This new deduction is taken in addition to the ...

The U.S. Congress’s passage of the One Big Beautiful Bill Act (H.R. 1 of 2025) introduced several new sections to the U.S. Tax Code aimed at reducing the tax burden on workers. For restaurants, hotels ...

The IRS said it expects 164 million individual tax returns to be filed.

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...

You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.