Higher income taxpayers – those with modified adjusted gross income exceeding $500,000, or $250,000 for those married filing separately – won’t be able to take full advantage of the $40,000 deduction.

Seniors get a generous new tax deduction, but there's only a limited time to claim it.

Add Yahoo as a preferred source to see more of our stories on Google. Tax season has begun, and many people can look forward to a bigger tax refund this year because of some new changes. Thunder ...

WASHINGTON — Now pushed to Wednesday, the House is voting on a disapproval resolution that would undo DC's tax code that was set to take effect this month. If it passes, some analysts predict the ...

The IRS is rolling out major changes ahead of the 2026 tax season, including one rule that could save taxpayers significant money and a new requirement that applies to almost everyone. The SALT ...

The IRS has released new 2026 tax brackets and a higher standard deduction. See the updated income thresholds and how your ...

Tax season is officially underway, and several changes to the federal tax code could affect how much money some taxpayers get back — or owe — when they file. The updates are part of President Trump’s ...

The One Big Beautiful Bill Act became law less than six months ago, but several major changes to the tax code have already taken effect. Money; Getty Images The One Big Beautiful Bill Act became law ...

The 2026 filing season is underway, and several changes to the tax code will affect most taxpayers’ returns, especially compared to last year, when the IRS made only routine inflation adjustments. The ...

PITT COUNTY, N.C. (WNCT) — Tax season has begun, and many people can look forward to a bigger tax refund this year because of some new changes. Many of the changes, according to Christopher Kellam, ...

Add Yahoo as a preferred source to see more of our stories on Google. Now pushed to Wednesday, the House is voting on a disapproval resolution that would undo DC's tax code that was set to take effect ...