The 2017 tax reform capped at $10,000 the amount of state and local tax (SALT) payments that can be deducted from federal income taxes. Before then, the unlimited SALT deduction was an unlimited ...

When it comes to health insurance, prescription drugs and other health costs, January 2025 was not a boring month.

People preparing to file taxes for the 2024 tax year may be eligible to claim a student loan tax deduction for interest payments.

If you paid interest on your student loan debt in 2024, you may be able to deduct up to $2,500 from your taxable income.

“The most common mistake that you’ll see is that a taxpayer will go to an accountant or go to do their taxes through a ...

IRS Free File program at IRS.gov offers free tax software to those with adjusted gross incomes of $84,000 or less. Other free ...

Several tax breaks, including the Child Tax Credit, may face reforms or be cut entirely as lawmakers seek revenue for Trump’s ...

Elon Musk posted that the IRS Direct File group had been "deleted," prompting confusion about the free tax prep service's future.

During the campaign, President Donald Trump floated an “all tariff policy” to replace the federal income tax. Here’s what ...

Elon Musk's growing power and unprecedented access to sensitive payment systems are raising concerns about tax season impacts.