Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax ...

In this episode of Tax Notes Talk, Damien Martin and Tony Nitti of EY discuss the second three of their top six tax cases of 2025, focusing on what qualifies as a deduction in Savage v. Commissioner, ...

Think your deductions are safe? Think again. Here are 10 common write-offs that are actually red flags for an IRS audit.

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

These changes, which take effect this year, are designed to provide tax relief across a broad range of categories, from working Americans and seniors to business investment and family support. Notices ...

A new $6,000 deduction for senior citizens and less taxes on tips and overtime are some of the biggest changes for your 2025 tax return. Peter is a writer and editor for the CNET How-To team. He has ...

President Trump’s tax and spending cut bill was signed into law on July 4, 2025. It enacted new tax deduction rules for many Americans, including seniors and certain workers. Changes include no taxes ...

People who use their cars for work will be able to deduct more money per mile on their taxes in the new year. The Internal Revenue Service (IRS) announced this week that the standard mileage rate for ...

China plans to tighten rules around the use of human-like artificial intelligence by requiring providers to ensure their services are ethical, secure and transparent ...

Editor’s note: This is the first in a series on farm tax law changes, authored by Farm Business Farm Management experts. Taxes are a certainty. But changes to tax rules are almost equally inevitable.

With 2025 drawing to a close, the tax landscape looks very different from where we stood just 12 months ago. The passage of the One Big Beautiful Bill Act (OBBBA) has rewritten several key components ...