Because the deduction starts to phase out for single filers earning over $75,000 and married couples making over $150,000 — ...

A gambling loss tax deduction change in Trump’s “Big Beautiful Bill” is causing an uproar. Here’s what you need to know.

President Donald Trump rolled out the idea for a new tax break on car loans during a 2024 campaign stop in Detroit. Here's how the new law works.

In a stipulation included in a Joint Motion for Entry of Consent Judgment, the IRS stated that when a church communicates ...

The Internal Revenue Service is building a computer program that would give deportation officers unprecedented access to ...

Under the new tips deduction, employees and self-employed individuals can now deduct “qualified tips” received when filing their taxes, according to the IRS.

Former Missouri congressman Billy Long was ceremonially sworn in as commissioner of the Internal Revenue Service on Friday in ...

Key Points The "big, beautiful bill" provides a deduction, but doesn't eliminate the federal tax on Social Security.The ...

The solar tax credit, plus other residential clean energy and energy efficient home improvement credits, are about to expire.

About two-thirds of U.S. adults expect the new tax law will help the rich, according to the poll from The Associated ...

Since 2017, taxpayers have been able to deduct interest on up to $750,000 worth of qualified home equity loans (if married, filing jointly); $375,000 if single or married, filing separately).