A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what doesn't qualify.

For many small business owners, navigating the intricacies of tax deductions can feel like trying to decode a complex puzzle. With each financial decision potentially impacting your tax bill, ...

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What is Schedule 1-A?

The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful Bill Act, taxpayers 65 and older can claim an additional $6,000 without itemizing their ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

Tax credits and deductions both reduce your tax bill, but in different ways Written By Written by Contributor, Buy Side E. Napoletano is a contributor to Buy Side and an expert on student loans, taxes ...

For the 2025 tax year, homeowners in high-tax states are getting a reprieve as the state and local tax (SALT) deduction cap quadruples to $40,000. This massive jump from the previous $10,000 limit is ...

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing. But not everyone is eligible.