The overtime deduction is temporary – it only applies for the 2025 to 2028 tax years.

You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.

For some retirees, the change could eliminate federal income taxes entirely, although many were already exempt from Social ...

Getting older comes with its fair share of challenges, from health concerns to managing finances on a fixed income. The cost ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

Here's a look at some of the most commonly assumed tax breaks that either no longer exist or simply don't work the way people expect any more.

A new federal law enacted last year provides a tax benefit to employees who receive overtime pay – but calling it a “No Tax on Overtime” law is a ...

The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...

Seniors could keep more money with new tax break phasing in for 2025 returns. The extra deduction helps lower- and ...

Confused about tax relief? Learn what tax relief means, how IRS programs work and what options may help reduce or manage your tax bill.