The deduction applies to the entirety of tax year 2025, which Americans will file returns for in early 2026. Single-filers ...

The higher standard deductions that the Tax Cuts and Jobs Act instituted have been permanently extended and slightly ...

(NEXSTAR) — Last month, the House passed the “One Big Beautiful Bill Act” — a legislative package that combines tax breaks, spending cuts, border security funding and other priorities central to ...

On November 21, 2025, the Internal Revenue Service (IRS) issued Notice 2025-69, providing guidance and clarification on the ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

President Donald Trump’s One Big Beautiful Bill Act is now law. Trump signed the bill during a July 4 ceremony at the White House, USA TODAY reports. The bill extends tax cuts first enacted in 2017 as ...

Thanks to Trump's spending bill, taxpayers in the U.S. can expect no taxes on overtime and tips beginning this upcoming tax ...