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

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

President Donald Trump’s One Big Beautiful Bill Act (OBBBA) raised the state and local tax (SALT) cap deduction to $40,000 from the previous $10,000, as previously reported by GOBankingRates. For ...

People are increasingly handing decisions over to AI systems. Already, AI manages investment portfolios, screens job candidates, recommends whom to hire and fire, and can fill out tax forms on ...

Rachel Reeves admitted that high taxes hit the economy today as she begged ministers to rein in spending. The Chancellor said the burden 'does impact growth' - arguing that expanding UK plc is the ...

The 2022 Inflation Reduction Act allocates $780 billion for climate change, including tax credits for clean energy. Homeowners can get a 30% tax credit for installing solar systems, boosting ...