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.

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

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 ...

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 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 ...

IRS 401(k) limits increase to $23,500 in 2025. Here’s how the Big Beautiful Bill reshapes retirement, RMDs, and Roths.