Freelancers face tricky taxes. I asked ChatGPT about common write-offs that could lower your bill — from home offices to ...

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 ...

Although recent legislation introduced many tax deductions, there aren't as many changes to keep track of for the 2026 tax year. That said, it's still important to learn about changes and enhancements ...

Another same-old, same-old Form 1040 year? Definitely not, say experts who point to a number of significant differences between 2024 and 2025 tax returns, with implications for seniors and car buyers, ...

Budtenders and other cannabis shop workers don't qualify for "No Tax on Tips." Declared tips must be voluntary so mandatory gratuities common for large parties are excluded. IRS guidance remains ...

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As tax season gets underway, there are several new tax provisions approved by Congress in 2025 that will impact millions of returns this year. No Tax on Tips, a pledge from President Donald Trump, is ...

Some of the biggest tax changes in years could hit your federal return right now. From untaxed tips and overtime to a new incentive for new-car buyers, to a bigger child tax credit, Consumer Reports ...

A new federal tax deduction will allow eligible taxpayers to deduct interest paid on new car loans beginning this tax year. Lawmakers say the measure is designed to ease the burden of high auto prices ...

A provision of the Trump administration’s “One Big Beautiful Bill” act could lower taxes for some car buyers. The provision, in place for tax years 2025 to 2028, allows some buyers to deduct up to $10 ...