Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What ...

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when filing a 2025 tax return.

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when filing a 2025 tax return.

The deduction is designed to help seniors reduce their taxes through 2028. The lowest-income seniors are unlikely to benefit from the deduction. Experts worry about the impact the tax break will have ...

Buyers of new vehicles assembled in the U.S. could boost their tax refunds by hundreds of dollars through a new tax deduction for auto loan interest. A new tax deduction for the 2025 tax filing season ...

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A new federal tax deduction will allow eligible taxpayers to deduct interest paid on new car loans beginning this tax year. Lawmakers say the measure is designed to ease the burden of high auto prices ...

Many of you have your W-2s and are ready to do your taxes. But before you file, there's one thing to remember: there are big changes this year. 7 On Your Side is explaining some of the deductions that ...

A provision of the Trump administration’s “One Big Beautiful Bill” act could lower taxes for some car buyers. The provision, in place for tax years 2025 to 2028, allows some buyers to deduct up to $10 ...

No one enjoys tax time, but it can be especially stressful if you're retired and living on a fixed income. An unexpected bill or a smaller refund than anticipated can throw off your entire budget, ...