Legislation passed in 2025 can provide significant additional tax savings for individuals who own rental properties or ...

The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, is the most sweeping federal tax legislation since the ...

A popular online claim is that receiving a raise or making more money in general means you’ll see less of it due to higher ...

Section 179 lets you deduct the full purchase price of qualifying business equipment bought and put into use during the year.

The IRS issued revenue procedures updating inflation-adjusted amounts for 2026 following enactment of the One Big Beautiful Bill Act (OBBBA). The revenue procedure modifies Rev. Proc. 2024-40 to ...

Brex reports LLC owners can reduce taxable income through 16 deductible expenses. Proper tracking prevents missed deductions ...

The most significant tax overhaul since 2017 creates unprecedented opportunities—but only for those who act before December ...

One bill designed to restore the gambling losses tax deduction to 100% is languishing in committee and has, for all intents and purposes, politically flat-lined. The giant tax and spending bill signed ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

President Trump's new tax law allows Americans to deduct up to $10,000 in car loan interest annually. However, strict income limits and vehicle requirements mean many buyers won't qualify for the full ...