Under the new tips deduction, employees and self-employed individuals can now deduct “qualified tips” received when filing their taxes, according to the IRS.

Former Missouri congressman Billy Long was ceremonially sworn in as commissioner of the Internal Revenue Service on Friday in ...

About two-thirds of U.S. adults expect the new tax law will help the rich, according to the poll from The Associated ...

This week in Washington, the Trump administration faced increasing political controversy over its handling of documents ...

Key Points The "big, beautiful bill" provides a deduction, but doesn't eliminate the federal tax on Social Security.The ...

The solar tax credit, plus other residential clean energy and energy efficient home improvement credits, are about to expire.

Get the latest news on President Donald Trump’s second term in the White House and the Republican-led Congress.

Since 2017, taxpayers have been able to deduct interest on up to $750,000 worth of qualified home equity loans (if married, filing jointly); $375,000 if single or married, filing separately).

The new tax cuts and spending law signed by President Trump on July 4 could provide savings for all income groups, an ...

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