A guide to the new 'Bonus Deduction' from the OBBB. Learn who qualifies for the up to $6,000 (single) or $12,000 (married) ...

The White House has reported that, on average, Americans will receive about $1,300 more in their pocket through the deduction.

Seniors 65 and older can claim a new federal tax deduction up to $6,000 for 2025, but it's not automatic. Learn how to get ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

New tax law provisions in the so-called “One Big Beautiful Bill” of 2025 become effective this year, impacting federal taxes, ...

President Donald Trump's "big beautiful bill" added the "no tax on overtime" deduction for 2025 returns. Here's how to claim the tax break.

A new federal tax deduction will allow eligible taxpayers to deduct interest paid on new car loans beginning this tax year.

GoodRx reports seven overlooked medical expenses that are tax-deductible, including acupuncture and medical transportation, ...

Meaningful gains under the old regime hinge largely on HRA -- and not everyone may qualify. Nearly 75% taxpayers chose the ...

As tax season rolls around, you may have a number of questions on your mind — including whether your mortgage interest is deductible for tax year 2025. The short answer is yes, but whether or not ...

A Mumbai flat generating Rs 17 lakh in rent shows how deductions under Section 24(a) and 87A can make rental income tax-free.