Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

Utility Xcel Energy Inc. agreed to pay about $640 million to resolve claims that its power lines contributed to the 2021 ...

New federal law allows workers to deduct up to $25,000 in tips and $12,500 in overtime pay from their taxes through 2028. The program requires specific eligibility criteria and proper income reporting ...

Find out how these new deductions could reduce your tax bill and what you need to know to qualify before they expire.

First, not all overtime pay is tax exempt. The Wall Street Journal reported that the tax break only applies to part of the ...