You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.

The Trump administration released its preliminary list of occupations not required to pay income tax on their tips under Republicans’ new tax cuts and spending bill. Occupations that qualified were ...

The 'One Big, Beautiful Bill' introduced several new tax deductions, some of which will apply to the money you're making this year. Under the new law, taxpayers can deduct most of what they earn in ...

Although recent legislation introduced many tax deductions, there aren't as many changes to keep track of for the 2026 tax year. That said, it's still important to learn about changes and enhancements ...

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) are rolling out guidance on the new “No Tax on Tips” provision under the One Big Beautiful Bill Act (OBBB Act), ushering in a ...

The new year will bring a host of tax benefits that Americans can take advantage of when filing their taxes in a few weeks. The IRS released its guidance for the "no tax on tips" and "no tax on ...

As we discussed here, on July 4, 2025, President Donald Trump signed the “One Big Beautiful Bill” Act (OBBBA) into law, which included a provision establishing a new temporary above-the-line tax ...

Itemizing allows you to pick and choose your tax deductions. Common deductions include those for medical expenses, mortgage interest and property tax. Many, or all, of the products featured on this ...

You may find that your most fruitful tax breaks aren’t hiding in itemized deductions — but they may be waiting for you after age 65. Data from the IRS shows that 90% of taxpayers choose the standard ...

The tax deduction for tip income is found on Schedule 1-A for 2025 returns. The IRS issued final regulations listing occupations that receive tips.