The Treasury Department and the IRS will need to roll out guidance on to explain the bill's newer provisions and how they differ from earlier tax legislation.

As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction ...

We don't have any loans or long-term debt. Our house is worth $500,000 and our cars are paid off. We pay our credit cards in full every month. The children are grown up but our daughter is in medical ...

The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.

KEY TAKEAWAYS The 'One Big, Beautiful Bill' introduced several new tax deductions, some of which will apply to the money ...

The bill includes several tax-related initiatives, one of which is the elimination of tax on tips. Here's what to know.

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

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 full deduction is limited to individuals with taxable income of less than $75,000 ($150,000 for joint filers). It shrinks ...

In this economy, losing a job is especially rough, and if you’re one of the many people laid off this year or collecting unemployment, you’ve probably got a lot on your plate already. But there’s one ...

Tax rules change all the time. What worked last year might not work this year. If you’re still following old tax advice, you could be missing out or even making mistakes. The tax code for 2025 looks ...

Democrats and Republicans agree that any big bill will include something they hate, including the ones on which they vote ...