How much tax you owe depends on your income, but the IRS allows you to claim deductions that reduce your income and the amount of tax you owe. Keep reading to learn about the two main types of ...

Wondering how the new mega tax law will affect your paycheck and taxes? Some of the answers lie in the new W-2 form employees will start getting for tax year 2026. The IRS recently released drafts of ...

Wondering how the new mega tax law will affect your paycheck and taxes? Some of the answers lie in the new W-2 form employees will start getting for tax year 2026. The IRS recently released drafts of ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

Borrowers who continued paying their student loans during a difficult repayment year could be entitled to a meaningful tax benefit that lowers their federal taxable income, even as ...

Here's what to know about a tax credit vs. deduction, including how each works and how they can reduce your tax bill and improve your tax refund amount.