It is possible to legally trim your tax bill even when you have $0 in receipts on hand. Several major deductions and credits ...

The One Big Beautiful Bill included sweeping tax law changes. Here are several key changes individual taxpayers need to know ...

Explore how tax relief programs can help you lower your tax bill and settle debts. Learn about deductions, credits, and ...

A campaign promise is now law. Learn about the new federal tax deduction for tipped income, who qualifies, and how it could ...

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: ...

Learn how to deduct casualty and theft losses on your taxes effectively. Understand eligibility, criteria, and the filing ...

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

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

New 2026 gambling tax limits loss deductions to 90%, raising taxes for bettors. Learn how Congress is responding and what ...

Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...

Feel like you're starting the new year with slimmed down work benefits? You may be right. Changes in some business tax laws ...

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 ...