Learn who qualifies for home office tax deductions, how to calculate them, and other business write-offs like car mileage and supplies.

The "big beautiful" tax law lets older American couples potentially take up to $12,000 per year off their taxable income for ...

For members of the National Guard or military reservists, you can deduct partial travel expenses for attending meetings or drills more than 100 miles from home, even if you don’t itemize. You can ...

Taxes usually feel straightforward until real life complicates them. Beyond the familiar deductions, the IRS has approved a ...

In this episode of Tax Notes Talk, Damien Martin and Tony Nitti of EY discuss the second three of their top six tax cases of 2025, focusing on what qualifies as a deduction in Savage v. Commissioner, ...

New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.

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

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

As a federal marijuana rescheduling decision remains pending, congressional researchers have released an analysis of tax implications for cannabis businesses under current law—including a review of ...

Leading MPs are demanding closer oversight of how the DWP uses the new powers ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax. Don’t panic just yet.