New tax deductions have been enacted for many working Americans and seniors. Here’s what you need to know about the new laws that could impact your return.

The "Big Beautiful Bill" fundamentally reshapes the tax landscape for high-income earners. The estate tax exemption jumps to $15 million per person, state and local tax deductions quadruple to $40,000 ...

To effectively reduce your tax liability, you must understand how to navigate the labyrinthine IRS tax system. Essentially, the only way to achieve a decreased tax burden is by reducing your taxable ...

For the most part, the IRS operates on a calendar-year basis. It’s too late, for example, to make deductible charitable contributions for 2023 — only donations made by December 31 qualify. But there ...

Sorry tickets to see Taylor Swift perform are not tax deductible. SAO PAULO, BRAZIL - NOVEMBER 24: (EDITORIAL USE ONLY. NO BOOK COVERS.) Taylor Swift performs onstage during "Taylor Swift | The Eras ...

Living abroad doesn’t mean you can leave your U.S. tax responsibilities behind. If you’re an American expat, the IRS still expects you to report your worldwide income — no matter where you live or ...