A $30,000 mistake. When paying the IRS, a California taxpayer wrote the correct amount of $3,360 on the numerical value box ...

Many retirees are surprised to learn that their Social Security benefits can be subject to federal income tax. The IRS ...

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

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 ...

Navigating annual tax changes can feel complex sometimes. Understanding them is crucial for informed financial choices to be ...

The proposal, which Congress passed as part of the president’s tax-and-spending megabill, won’t eliminate taxes on tips ...

The Internal Revenue Service has released the federal income tax brackets for 2025. A key point for taxpayers is that the ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

Navigating taxes in retirement can be challenging. Your tax situation may differ from your working years due to income and ...

A provision that allows bettors to deduct only 90 percent of their losses threatens to drive some professionals to other ...

Trump’s ‘One Big Beautiful Bill’ could reshape the Earned Income Tax Credit by adding new eligibility requirements. While not eliminating the EITC, the changes may reduce access for low-income ...

Congressional report warns IRS budget cuts may slow refunds, reduce enforcement, and strain services in the 2026 tax season.