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

When tax season rolls around, deductions and credits can make a real difference in how much you owe -- or how much you get ...

Extra work hours in the week can mean extra pay. Now, it can also mean a new tax benefit you can claim on your return come tax time. Starting Jan.

A regressive tax is one that is assessed at the same rate to everyone, regardless of their income. They are also sometimes called flat taxes. Here's more: ...

You must file a federal tax return if your income meets the IRS filing threshold for your age and filing status, if you ...

Our Taxes Explained series aims to make tax policy clear and accessible. We want people to know what’s on the line and understand how Trump’s tax cuts are designed specifically to benefit the ...

WASHINGTON (AP) — A tax on the endowments of America’s wealthiest colleges began during President Donald Trump’s first administration, collecting 1.4% of their investment earnings. Under Republican ...

Republicans muscled President Donald Trump's tax and spending cut bill through the House on Thursday, the final step necessary to get the bill to his desk by the GOP's self-imposed deadline of July ...

WASHINGTON (AP) — House and Senate Republicans are taking slightly different approaches when it comes to the tax cuts that lawmakers are looking to include in their massive tax and spending cuts bill.