Discover what active participant status means and how participation in employer-sponsored retirement plans, such as 401(k)s, ...

Teachers can benefit from the educator expense deduction, allowing up to $250 off taxable income for specific expenses. Learn about the deduction’s benefits and rules.

Retirement comes with many financial surprises. One of them is how tax regulations change once you cross that magical ...

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.

The IRS began accepting 2025 federal income tax returns on Jan. 26. Some of the changes, passed in the Big, Beautiful Bill Act last year, impact returns this tax season. Read on for key deductions and ...

(WSPA) – The Treasury Secretary has said many Americans will see a very large refund this tax season and tax experts we spoke with don’t disagree. 7NEWS Here to Help breaks down how the new tax rules ...

The new $25,000 tip tax deduction applies from 2025 through 2028. File IRS Schedule 1-A to claim it. Only voluntary tips qualify. Income limits apply. Phaseout starts at $150,000 single and $300,000 ...

Self-employed or freelance and owe taxes? Learn which IRS tax relief options may help, including payment plans, penalty ...

Low-income seniors have new opportunities to reduce their tax burden this year. A new federal deduction allows qualifying ...