Senior citizens are getting a tax break in President Donald Trump’s sweeping tax and spending cuts package, but it’s not the ...

The IRS is losing a third of its workforce while abandoning complex tax cases worth millions in revenue. This staffing crisis creates a system where wage earners face automatic verification while ...

CBS News reports that tipped workers earning up to $150,000 (or $300,000 for couples) can deduct up to $25,000 in tips per ...

The IRS lost 26% of its 102,000-person workforce to layoffs and buyouts this year through early June, amid a larger effort by ...

WASHINGTON—Congress expanded opportunities for taxpayers to postpone, minimize or avoid capital-gains taxes in President ...

When Michelle Lawrence heard about Medicaid cuts in the Republican tax and spending bill, it felt like “a punch to the gut.” ...

The ambitious tax reform bill, dubbed the 'One Big Beautiful Bill,' promises sweeping changes to the U.S. tax landscape. With ...

The IRS faces a challenging 2026 tax season due to significant staff reductions. Experts warn that these cuts could severely ...

Fresh off passage of the “One Big Beautiful Bill,” some anti-tax advocates hope to push the administration to change how taxable capital gains are calculated.

Qualifying Americans 65 and older are eligible for a deduction of up to $6,000 under the new law. If an individual’s income exceeds $75,000, the deduction is phased out. (For couples filing jointly, ...

Eliminating taxes on Social Security benefits is missing from President Trump’s tax overhaul. Here’s why and what an ...

Trump’s ‘One Big Beautiful Bill’ could reshape the Earned Income Tax Credit by adding new eligibility requirements. While not eliminating the EITC, the changes may reduce access for low-income ...