Benefits recipients could save $6,000 in federal taxes on their monthly payments. Here’s who is eligible to claim the ...

This bonus will come in addition to the existing extra standard deduction for seniors, which the IRS has increased as part of ...

In this article, Domain Money outlines tax changes taking effect in 2026. The OBBBA, signed into law on July 4, 2025, ...

These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong ...

Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there's currently a $10,000 limit on the federal deduction on state and local taxes, known as SALT. Residents who itemize tax breaks cannot ...

Thanks to Trump's spending bill, taxpayers in the U.S. can expect no taxes on overtime and tips beginning this upcoming tax ...

Sen. Josh Hawley (R-Mo.) is pushing a new “No Taxes on Healthcare Act” that would let households deduct up to $25,000 in ...

For many homeowners, tax breaks begin and end with mortgage interest. But with higher standard deductions, that write-off delivers less than it used to — and for some, nothing at all. But what is ...

Points paid as upfront interest are deductible as mortgage interest. If the points are not for prepaid interest, then they ...