As part of the One, Big, Beautiful Bill Act, taxpayers are entitled to a tax deduction on “qualified overtime” and “qualified tips” received during tax years 2025 through 2028. The following is a ...

BEAUTIFUL BLUE SKIES AND AT 77 DEGREES. YEAH IT’S GORGEOUS. WELL, THE COUNTDOWN TO TAX DAY IS ON. NOT SO GORGEOUS. SHAYNE WRIGHT SOME OF THE BIGGEST TAX CHANGES IN YEARS COULD HIT YOUR FEDERAL RETURN ...

A bigger standard deduction, changes in the itemizing rules and new temporary deductions all complicate the decision. Here’s how to choose the option that’s best for you. When it comes to federal ...

And in computing that 199A deduction, they included all the wages they had paid in their W-2 wage limit, and the IRS said, "No can do." If the wages are not deductible, they shouldn't be in your W-2 ...

Millions of seniors who receive Social Security benefits will get a ‘bonus’ tax deduction this year. The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for ...

The 2026 filing season is underway, and several changes to the tax code will affect most taxpayers’ returns, especially compared to last year, when the IRS made only routine inflation adjustments. The ...

Americans can expect smaller tax bills and bigger refunds this year—after they navigate a pile of new rules from last year’s tax law. “Any time people have big life changes or there are law changes, ...

Early-bird tax filers will be happy to know that the Internal Revenue Service will begin accepting and processing 2025 income tax returns on Monday, Jan. 26. Taxpayers are likely to be shocked to ...

The tax law changes of 2025 don’t end Social Security taxes, but they boost deductions for those 65 and older, cutting taxable income and bills for many retirees. The standard deduction rises to ...