Retirement is supposed to be a time when things get simpler. You've worked hard for decades, and now you expect to reap the ...

Tax deductions can have a major effect on your tax bill. They are write-offs that help you offset your taxable earnings and reduce your tax bill. As you read the following commonly asked questions ...

Families with children under 17 will also see an increase in benefits. The child tax credit has been increased to $2,200 per ...

If you borrow money to buy investment assets, the IRS will sometimes allow you to deduct the loan's interest from the taxable ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

You might be able to deduct mortgage interest on your taxes if you itemize and follow a few other guidelines. Many or all of the products featured here are from our partners who compensate us. This ...

The IRS has quietly handed most American workers a modest tax break starting this month, but fewer are likely aware of it. Inflation adjustments and changes from the One Big Beautiful Bill Act have ...

It has now become a yearly ritual that members of Congress and White House officials offer proposals to limit or even eliminate charitable tax deductions. And, as a part of the ritual, nonprofit ...

In both 2025 and 2026, as well as years in the future, there is a 60% of AGI for cash gifts to public charities. For ...

India’s tax framework has shifted. If retirement is close, the choice between the old and new regimes can materially change ...