When tax season rolls around, deductions and credits can make a real difference in how much you owe — or how much you get back. Deductions lower the portion of your income that’s taxed, while credits ...

The new $25,000 tip tax deduction applies from 2025 through 2028. File IRS Schedule 1-A to claim it. Only voluntary tips ...

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.

The IRS began accepting 2025 federal income tax returns on Jan. 26. Some of the changes, passed in the Big, Beautiful Bill Act last year, impact returns this tax season. Read on for key deductions and ...

Teachers can benefit from the educator expense deduction, allowing up to $250 off taxable income for specific expenses. Learn about the deduction’s benefits and rules.

Retirement comes with many financial surprises. One of them is how tax regulations change once you cross that magical threshold of turning 65. Let's be real, when you hear about a deduction worth ...

(WSPA) – The Treasury Secretary has said many Americans will see a very large refund this tax season and tax experts we spoke with don’t disagree. 7NEWS Here to Help breaks down how the new tax rules ...

As tax season progresses, tax professionals say several updates this year could affect how much Montanans pay or get back.

The 2026 tax season, marked by new regulations and IRS staffing challenges, significantly increases error risks, making early preparation essential. Here 10 moves.

Discover what active participant status means and how participation in employer-sponsored retirement plans, such as 401(k)s, ...

Self-employed or freelance and owe taxes? Learn which IRS tax relief options may help, including payment plans, penalty ...

Low-income seniors have new opportunities to reduce their tax burden this year. A new federal deduction allows qualifying ...