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

President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law on July 4, 2025. The OBBBA represents a significant overhaul of the ...

President Donald Trump falsely claims the ‘biggest tax cuts ever’ while Democrats add in the impact of a Biden-era policy.

The proposal, which Congress passed as part of the president’s tax-and-spending megabill, won’t eliminate taxes on tips ...

ITR Filing FY 2024-25: The government has released the ITR forms for FY 2024-25, featuring updates related to capital gains, share buybacks, and MSME payments.

Tax brackets for 2024 (for taxes due in 2025) There are seven tax rates for 2024, ranging from 10% to 37%. The income range in each bracket increased 5.4% from 2023.

At tax time, single Canadians aren’t afforded the same benefits that married couples get, such as pension-income splitting and spousal tax credits. Single households – many of whom already ...

Learn how to file your crypto taxes in the US for the 2024–2025 season. Understand IRS rules, reporting requirements and deductions to stay compliant.

The IRS has announced the new federal income tax brackets for both tax year 2024 and 2025. If you haven’t filed yet for 2024 or are already thinking about what your taxes might look like next ...

The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax headaches are hitting now.

If you’re getting your 2024 taxes together and you care for a loved one, make sure you check if you’re eligible for a tax break. Some families could receive up to $3,000.

Edmunds takes a look at the key rules for buying new, buying used, and leasing electric vehicles—and then digs into the details regarding tax credits.