Key Points ・The student loan interest deduction can reduce your taxable income by up to $2,500 per year. ・You do not need to ...

For Jordon O’Donald, a bartender at Brewski’s in downtown Little Rock, the news sounded like a welcome break. She has worked ...

A new tax cap on gambling loss deductions could raise high rollers' expenses and push gamblers toward prediction markets and ...

Before the passage of the tax bill, 64% of seniors didn't pay taxes on their Social Security benefits, according to a June report from President Donald Trump's Council of Economic Advisers. Under the ...

Is HELOC interest tax deductible? It can be if the funds are used for eligible home improvements and meet IRS requirements. Learn more with this guide.

CBS News reports that tipped workers earning up to $150,000 (or $300,000 for couples) can deduct up to $25,000 in tips per ...

The President promised no taxes on Social Security. The OBBBA keeps that promise for some taxpayers. It is not, however, a ...

One of the components of the recently passed ‘big, beautiful bill’ was a policy not to tax overtime and tax income for many Americans.

The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn’t ...

The provision emerged from President Donald Trump’s campaign pledge to end taxes on Social Security. But experts say many are excluded.