Don’t overlook these new tax deductions and credits that can help put more money in your pocket. CPA and TurboTax expert Miguel Burgos fills us in.

When retirees file their 2025 tax return by April of 2026, they may get very pleasant news. Many seniors who are 65 and over ...

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 ...

How recent Federal tax law changes are reshaping charitable giving strategies—and what you should do before year-end ...

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

One of the ways to reduce your liability this tax year is to decrease your taxable income. And the best way to do this is by taking advantage of tax ...

The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and ...

Two types of tax breaks stand out among all the lingo: credits and deductions. Each lowers your tax liability, which is the total annual tax owed on your income. (That figure can be found on line 24 ...

The Internal Revenue Service published, for tax year 2025, a new schedule that taxpayers will use to realize important tax ...

Tax deductions reduce your taxable income, potentially lowering what you owe. Itemizing deductions can outweigh the standard deduction if summed deductions exceed it. Tax credits directly decrease ...

While contributions to a 529 plan for your child or grandchild don’t reduce your federal tax bill, more than 30 states offer state tax deductions or credits for these contributions. This can still ...