For 2025, married couples over 65 filing jointly will also see a modest benefit. The extra deduction per qualifying spouse ...

Older Americans are about to get a targeted new tax break that makes it easier to shield Social Security benefits from federal income tax. A fresh "senior bonus" deduction of up to $6,000 per person ...

The Working Families Tax Cuts provides for establishing a Trump Account on behalf of every eligible child for whom an ...

The Treasury Department and Internal Revenue Service unveiled new guidance this week on the launch of “Trump Accounts,” a ...

Tax changes in 2026 could mean smaller tax refunds next year. Learn key updates — from brackets to credits — and how to ...

Tax refunds are likely going to be supersized in 2026 because of the One Big Beautiful Bill Act, which made major reforms to ...

If you tried to contact the IRS with a question about your taxes this year, chances are you didn’t get a response. The IRS estimated that it would only answer 17 million of the 49 million calls ...

The IRS headquarters in Washington, D.C. The Internal Revenue Service was able to steer through this past tax season despite extensive staffing cuts, but next tax season could be a problem, according ...

Earlier this year, Commerce Secretary Howard Lutnick announced that President Donald Trump had a new strategy for funding the federal government: an External Revenue Service. “[The President’s] plan ...

If you choose to rent out your home for extra income, build equity and have someone else pay your mortgage, you might be in ...