Tax deductions can lower the amount of income that is subject to tax. Here's more on how tax deductions work, plus 25 tax breaks that might come in handy.

Standard tax deductions are increasing across the board, but the news is even better for those 65 years and older.

The IRS says the standard deduction and earned income tax credit are each going up slightly in 2026 for most taxpayers.

The AICPA said taxpayers and tax professionals need certainty about how to claim the deductions for 2025. The IRS has said it will not update its forms until 2026.

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

IRS tax breaks for workers are here. Millions can now keep more of their tips and overtime pay. New deductions for 2025–2028 make it easier to reduce taxable income, save money, and help working ...

Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts ...