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

The so-called "no tax on car loan interest" promise has enough dents and dings to leave plenty of car buyers upset when they ...

Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...

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: ...

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

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

Tax deductions reduce your taxable income, but tax credits reduce your bill dollar for dollar. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Understanding your 1040 is the best way to legally minimize your taxes. Top tax professionals will tell you that effective tax planning needs to be proactive, not reactive. The best tax planning needs ...

Compare tax relief providers that match your needs. Find Tax Experts Reduce your tax burden now There are certain tax benefits that homeowners receive that aren't available to renters. Between ...

You might be able to lower your present-day tax bill while boosting your retirement savings. But getting the mechanics right ...

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 ...