Drivers are looking a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 federal ...

Learn how the new 'No Tax on Tips' deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work ...

Retirees often leave money on the table at tax time. Discover 12 overlooked tax deductions that could lower your tax bill and ...

Discover three major new tax deductions for 2025/2026 from the OBBBA law. Learn if you can deduct income from tips, overtime ...

Due to Trump's One Big Beautiful Bill Act, seniors can take advantage of a new tax cut, which makes an additional $6,000 ...

It's tax season, and Americans are confronted by a lot of tax jargon when preparing their returns. Stream NBC 5 for free, 24/7, wherever you are. Two types of tax breaks stand out among all the lingo: ...

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

The new year has just begun and income tax deadlines are months away, but there's one thing to start considering now. Many ...

Tax deductions reduce your taxable income, but tax credits reduce your bill dollar for dollar. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Two types of tax breaks stand out among all the lingo: credits and deductions. Each lowers your tax liability, which is the total annual tax owed on your income. (That figure can be found on line 24 ...