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

Tens of millions may need new IRS Schedule 1-A to claim 2025 tax breaks for tips, overtime, seniors and car loans. Don't file without it.

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What is Schedule 1-A?

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.

Get this Microsoft Office 2024 Home & Business + Surface SE Laptop Bundle for $259.99 (reg. $628.98) while it’s available.

Section 179 keeps dollars in your wallet. Here’s what you need to know for 2026.

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 doesn't qualify.

Texas aligns franchise tax with federal 100% bonus depreciation — bigger first‑year write‑offs for many businesses.

Texas businesses can now leverage faster, larger depreciation deductions thanks to updated franchise tax rules under the One Big Beautiful Bill Act (OBBBA). These expanded bonus depreciation ...

State policymakers are weighing imposing capitalization of R&D costs — for illusory budget savings and against federal law. Capitalization will crush state business.

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 ...

Claiming a tax deduction for mileage can be a good way to reduce how much you owe Uncle Sam, but not everyone is eligible to write off their driving costs. Mileage for ...