This is read by an automated voice. Please report any issues or inconsistencies here. After the January fires that destroyed thousands of residences, victims who lost their clothing, furniture and ...

Just when you thought you knew your federal income taxes, here comes a curveball: Key tax breaks are disappearing in 2026. During his first presidency, Donald Trump signed the Tax Cuts and Jobs Act ...

Both the standard deduction and itemized deductions reduce the amount of tax you pay in a given year. So which is better?

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

California Conservation Corps crews place silt socks around burned homes in Pacific Palisades in preparation for the expected rain on Jan. 25. (Christina House / Los Angeles Times) After the January ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

Tax deductions can lower the amount of income that is subject to tax. Here's more on how tax deductions work, plus 25 tax breaks that might come in handy.

The standard deduction changes each year based on inflation. How much of a deduction you're entitled to depends on your age, filing status and other factors.

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. As we approach the final weeks of 2025, American taxpayers face a unique ...

Since 1971, Travel + Leisure editors have followed one mission: to inform, inspire, and guide travelers to have deeper, more meaningful experiences. T+L's editors have traveled to countries all over ...

The IRS has released new federal income tax brackets for 2026, the agency announced in a news release published on Thursday, Oct. 9. The updates are due to changes in inflation and a new tax law that ...

Gold isn't taxed the same way as other investments. Some investors might 'underappreciate the tax implications.' Gold stands out to investors, especially as it hits record-high prices. Gold also ...