Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

Key Points ・The "Student Loan Tax Bomb" is a term that refers to the taxes owed on forgiven student loan debt in some ...

Your marital status as of Dec. 31 of the year you marry determines your tax filing options for the entire year.

Indexing gains to inflation “would really codify the notion that income taxes are only for people who work for a living,” ...

The Trump megabill will give the top 1 percent tax cuts totaling $1.02 trillion over the next decade. For comparison, the ...

If you want to buy rooftop solar panels or a home battery for backup power, you’ll need to have them installed this year to ...

Is HELOC interest tax deductible? It can be if the funds are used for eligible home improvements and meet IRS requirements. Learn more with this guide.

For 2025, married couples over 65 filing jointly will also see a modest benefit. The extra deduction per qualifying spouse ...

Everything you need to know about which tax credits Congress just voted to eliminate, when they expire and who qualifies.

The post There Are Better Ways To Help Restaurant Workers Than No Tax on Tips appeared first on Reason.com.

Slot machine players just caught a break. The tax law that President Donald Trump signed in early July — the One Big Beautiful Bill Act — quietly raised the federal tax reporting threshold for slot ...

If you're making one of these seven common tax planning mistakes -- and many people are -- you could face higher tax bills or missed opportunities come 2026.