The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

The One Big Beautiful Bill included sweeping tax law changes. Here are several key changes individual taxpayers need to know ...

IRS warns Venmo and PayPal users: The IRS has delayed the $600 reporting threshold for Venmo and PayPal users. For the 2026 ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

When tax season rolls around, deductions and credits can make a real difference in how much you owe -- or how much you get ...

A new $6,000 deduction for senior citizens and less taxes on tips and overtime are some of the biggest changes for your 2025 tax return. Peter is a writer and editor for the CNET How-To team. He has ...

The Tax Deduction for Advertising and Promotion Expenses policy in China has been extended for the years 2026–2027. The updated circular retains the existing deduction caps for key industries, ...

An IRS fact sheet explains when overtime compensation qualifies for the H.R. 1 deduction and how Fair Labor Standards Act ...

Did our AI summary help? Section 80D permits senior citizens to claim deductions of up to Rs 50,000 for medical expenses if they are uninsured. Today's Ask Wallet Wise explains that this limit ...

For some people, tax refunds could turn out to be much bigger in 2026 than expected after dramatic changes in key tax rules hit 2025 federal income tax returns. But the upcoming tax season likely will ...

People who use their cars for work will be able to deduct more money per mile on their taxes in the new year. The Internal Revenue Service (IRS) announced this week that the standard mileage rate for ...

State Rep. Chynah Tyler has agreed to pay Massachusetts $6,000 after campaign finance officials found that she spent campaign committee funds on personal expenses ranging from a salon visit to food ...