Get ready for tax season: the IRS has raised deductions and credits for 2025, with even bigger changes on the way for 2026.

New tax brackets, higher standard deductions and expanded credits are now in effect — changes that could boost paychecks and ...

Tax filers who choose the SALT deduction must forgo the standard deduction — which the new law raises by $750 for tax-year ...

“Barring Congressional Action, tax rates are set to revert to pre-Tax Cuts and Jobs Act levels at the end of 2025.” I scribbled out that same general line on numerous occasions since the TCJA was ...

Blue states around the U.S. are planning tax hikes on wealthy residents to bring in additional revenue through a variety of proposals, including one state's so-called "Taylor Swift tax." The moves ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

Taxpayers and tax professionals alike expected the IRS to issue new withholding tables and Forms W-2 to reflect changes under the One Big Beautiful Bill Act. The IRS now says that won’t happen in 2025 ...

President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is the new ...

A new tax break allows deductions on interest paid on new car loans for vehicles assembled in the U.S. until 2028. Experts believe the tax break is unlikely to significantly shift the market in favor ...

The individual income tax rate drops again in 2026. See what it’s been and what it means for your tax filing future.