The IRS has increased the standard deduction for the 2026 tax year. Find out the new amounts and how this change could lead ...

The new deduction can lower your taxable income and thus your combined income. It's estimated that 90% of seniors will now pay no federal income tax on their Social Security benefits. Some other ...

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 ...

As written, the new tax law could motivate some people to give who might not otherwise donate, but it could also cause a lot of confusion.

The government is adding a new deduction for non-itemizers. Starting in 2026, they will be able to deduct up to US$1,000 of ...

The IRS widened income ranges for most tax brackets, which could slightly reduce how much is withheld from paychecks.

Social Security recipients will see a 2.8 percent boost in cost-of-living adjustment (COLA) for 2026, raising the average ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...

The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. The ...

There is nothing better than deductive reasoning to win a test, belief or an argument. This type of logical argument produce rock-solid conclusions, and not everyone can use it with certainty.