More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...

As the tax deadline looms many folks are beginning to take a closer look at their situation regarding their taxes and ...

Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with ...

The U.S. tax code may be notoriously complex, but understanding some basic terms can help you breeze through your tax return ...

As the IRS opens its doors for tax submissions on January 27, 2025, taxpayers have until April 15 to file their returns. Proper preparation is key to avoiding errors and penalties. Here's how to ...

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“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

For the new Congress, deciding the fate of the 2017 Tax Cuts and Jobs Act will present an immediate dilemma. Allowing the law ...

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

A cheat sheet for the generous breaks Congress has bestowed on homeowners.

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