President Donald Trump signed H.R. 1 into law, the budget reconciliation bill known as the One Big Beautiful Bill Act (the Act).

Tax deductions introduced in the "One Big, Beautiful Bill" could benefit older and working Americans the next time they file taxes.

The almost 900-page bill has plenty to say about taxes, and an array of changes, new credits and deductions are part of the ...

As with tips and overtime, the IRS will provide transition relief for tax year 2025 for interest recipients—this means more ...

A new federal law has cracked open the door for car buyers to deduct interest on auto loans for the first time in decades, ...

The IRS will have much less of a view into how much income small businesses and independent contractors make because there ...

Freelancing can be notoriously difficult, but a new tax break might make things easier— that is, if you’re already wildly ...

This is especially pertinent to states with high tax burdens, such as California, where the best tax relief services can make ...

Assessing the new over-65 deduction and its implications for Social Security taxation, as well as new rules for charitable ...

The IRS is urging taxpayers who requested an extension for their 2024 federal tax return to file during the summer months. By doing so, you can avoid the autumn rush, reduce the risk of errors, and ...

The child tax credit has been offered to U.S. taxpayers for nearly 30 years, but its value has varied across presidential administrations. With the passage of the One Big Beautiful Bill ...

Range reports high earners must pay quarterly estimated taxes if they owe over $1,000, with specific guidelines to avoid ...