This new deduction applies to 2025 through 2028 federal income tax returns. To qualify for the deduction, the interest must be paid on a loan used to purchase a passenger vehicle for personal use that ...

Surprising Facts about American Taxes & Taxpayers Knowing a few facts and trivia about American taxes can help take the edge ...

Filing your income tax return can be, for many, a dreaded annual task. And paying to file unnecessarily can only add insult to injury. Still, many eligible filers fail to take advantage of a free ...

Roughly half of Illinois residents say they would leave the state if they could. That warning should be a wake-up call to state and local leaders.

They may sound similar, but it’s critical to understand the difference between gross income and taxable income. While gross income encompasses all the money you earn from various sources throughout ...

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

Many Baby Boomers miss valuable tax deductions each year. Learn eight often-forgotten breaks, including a new $6,000 senior ...

New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.

When it comes to their federal income tax returns, tens of millions of US households pay for tax preparation and filing. Yet ...

Once you turn 50, and especially after age 65, you may qualify for extra tax benefits. People 65 and older get a higher ...

Dividend investing has an obvious appeal for retirees as you build a portfolio of income-producing stocks, collect regular payments, and never have to sell shares to fund your lifestyle. This means ...

Learn how working after claiming Social Security can increase taxes, trigger Medicare IRMAA surcharges, and affect retirement income planning.