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

For the last few years, some politicians (and others) want billionaires and corporations to pay their fair share. Sounds reasonable, right? What does that actually mean? First, no corporation really ...

The new federal tax deduction could dramatically reduce your tax bill this year. But it's not exactly tax-free. We break down the critical rules and qualifications.

In a number of states, including Florida, the poorest residents have seen a tax hike as a result of OBBB, the study shows.

Splitero reports homeowners should review tax deductions and credits before filing 2025 returns, including itemizing vs. standard deductions.

At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...

This deduction is only available to those 65 and older with valid Social Security numbers. Married couples must file a joint return to claim the deduction. High earners may be eligible for a reduced ...

The deduction is designed to help seniors reduce their taxes through 2028. The lowest-income seniors are unlikely to benefit from the deduction. Experts worry about the impact the tax break will have ...

The short-term rental tax loophole is a strategy used to reduce the tax burden for real estate investors. Also known as the Airbnb tax loophole, this strategy allows rental owners to offset their ...

Dollar and Thrifty customer rentals were scanned exiting the garage Tuesday at the Consolidated Rent-A-Car facility at Daniel K. Inouye International Airport top. At the Consolidated Rent-A-Car ...

It’s everyone’s favorite time of the year: tax season. But some changes have made this season a little more interesting. President Donald Trump’s signature legislation, the One, Big, Beautiful Bill ...