There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

One of the most valuable features of life insurance is that the beneficiary receives the death benefit income-tax free.

A progressive tax is when the tax rates increase (or “progresses”) as the taxable income increases for an individual or a ...

Tax relief is an avenue to explore if you owe more money in taxes than you can reasonably shoulder. One good way to reduce the likelihood of being strapped with a large tax debt you can’t pay is to ...

A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the ...

NOTE: An earlier version of this story overestimated how much workers could save in federal taxes under President Donald Trump’s “big, beautiful bill” and did not apply progressive tax brackets. The ...

Extra work hours in the week can mean extra pay. Now, it can also mean a new tax benefit you can claim on your return come tax time. Starting Jan.

President Donald Trump’s signature “one big beautiful bill” promises to let Ohio workers keep more of what they earn by making tips and overtime wages — tax-free. For the hundreds of thousands who ...

Learn how the income exclusion rule categorizes certain incomes, like certain interest and child support, as tax-free, ...