Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

Tax rules in 2026 tilt even more heavily toward people who take the standard deduction, thanks to new above the line write ...

With tax season just around the corner, knowing how to navigate work from home tax deductions can help you save time — and ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...