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

The new federal tax deduction could dramatically reduce your tax bill this year. But it's not exactly tax-free. We break down the critical rules and qualifications.

FORT WAYNE, Ind. (WANE) — The 2026 tax season starts Monday, and Americans will soon be able to file tax returns to either owe or receive money from the government. From avoiding scams to getting the ...

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

Before you file this year's taxes, experts want you to know and consider these factors. From retirement contributions to tax ...

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

Millions of workers could soon claim the "no tax on tips" deduction, which offers a tax break for returns filed in 2026. The provision in President Donald Trump's "big beautiful bill" allows certain ...

There may be some last-minute steps you can take ...

The U.S. Department of the Treasury and IRS issued proposed regulations with more details about President Donald Trump’s “no tax on tips” deduction. The proposed regulations include eligible ...

Must-Know Tax Season Tips for Small Businesses and Solopreneurs ...