The One Big Beautiful Bill included sweeping tax law changes. Here are several key changes individual taxpayers need to know ...

Budget 2026 should make tax deduction for health insurance premium paid under Section 80D in new tax regime also ...

As Treasury Secretary Scott Bessent announced last year, taxpayers will receive “very large refunds,” in his own words, ...

Explore how tax relief programs can help you lower your tax bill and settle debts. Learn about deductions, credits, and ...

Learn how to deduct casualty and theft losses on your taxes effectively. Understand eligibility, criteria, and the filing ...

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

Two types of tax breaks stand out among all the lingo: credits and deductions. Each lowers your tax liability, which is the total annual tax owed on your income. (That figure can be found on line 24 ...

It's tax season, and Americans are confronted by a lot of tax jargon when preparing their returns. Stream NBC 5 for free, 24/7, wherever you are. Two types of tax breaks stand out among all the lingo: ...

Whether you’re filing for the first time or have been around the tax return block, it’s easy to confuse tax credits and deductions. Although both can help lower your tax bill, the IRS describes a tax ...

The new year has just begun and income tax deadlines are months away, but there's one thing to start considering now. Many ...