The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

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 deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a new vehicle assembled in the United States.

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

It’s a decision that every taxpayer is faced with when choosing how to claim deductions on their federal tax return: Do you take the standard or do you itemize? Making the right choice could mean more ...

Homeownership is expensive, and in today's economy, you're probably looking to save money wherever possible. On top of your down payment, mortgage payment, and homeowners insurance premium, you're ...

NEW YORK (AP) — Tax season is underway and you have until April 15 to file your return with the IRS. If you want to avoid the ...

The “No Tax on Car Loan Interest” provision allows anyone who’s purchased a car from 2025 on to deduct the interest paid on the loan when they file their taxes. There are a few stipulations before you ...

Can you claim the home office tax deduction this year?

Tax season is underway and you have until April 15 to file your return with the IRS. For many, especially first-time filers, taxes can be daunting and it’s tempting to leave them until the last minute ...