As a proponent of financial literacy education, I have a mission: Find ways for people of all financial means to achieve ...

The IRS issued a new 2026 W-4, which is the form that tells your employer how much to withhold from your paycheck.

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What is Schedule 1-A?

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what doesn't qualify.

At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...

This deduction is only available to those 65 and older with valid Social Security numbers. Married couples must file a joint return to claim the deduction. High earners may be eligible for a reduced ...

The One Big Beautiful Bill Act included a slew of federal tax deductions that could have reduced South Carolina residents’ 2025 state income tax bills by an estimated $279 million. That’s if the ...

COLUMBUS, Ohio (WCMH) — Ohio lawmakers defended a proposal this month to allow state income tax deductions for church donations, arguing the change would align state policy with federal law and ...

WASHINGTON — The federal tax filing deadline of April 15 is fast approaching, but this year’s returns come with a significant new break for many hourly workers: a deduction for part of their overtime ...

COLUMBUS, Ohio — We’re now less than 60 days from the April 15 federal tax filing deadline, and this year’s returns come with a significant new break for many hourly workers: a deduction for part of ...

If you're one of the millions of Americans who purchased a new car last year, you could benefit from a new tax break that allows taxpayers to deduct interest paid on their auto loans. The car loan tax ...