Because the deduction starts to phase out for single filers earning over $75,000 and married couples making over $150,000 — ...

Earlier this month, the Trump IRS announced in a legal filing that churches can endorse political candidates. That is directly contrary to federal law, which states that tax-exempt nonprofit groups, ...

President Donald Trump rolled out the idea for a new tax break on car loans during a 2024 campaign stop in Detroit. Here's how the new law works.

Modified adjusted gross income (MAGI) is often used by the IRS and other federal agencies to determine your eligibility for ...

A new so-called 'home school tax break' could change how you save for your child's homeschool education. Find out how.

In a stipulation included in a Joint Motion for Entry of Consent Judgment, the IRS stated that when a church communicates ...

The Internal Revenue Service is building a computer program that would give deportation officers unprecedented access to ...

President Donald Trump’s “big beautiful bill” includes key tax changes that are effective for 2025. Here is how they could ...

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 ...

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.