Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

About 144 million Americans may qualify for the 2026 universal charity deduction, while high earners face new IRS limits.

Taxpayers and tax professionals alike expected the IRS to issue new withholding tables and Forms W-2 to reflect changes under the One Big Beautiful Bill Act. The IRS now says that won’t happen in 2025 ...

Sen. Josh Hawley (R-Mo.), who could emerge as a key vote on President Trump’s agenda, says working-class Americans should be able to take tax deductions on their payroll taxes, which would save ...

Learn about FICA taxes, including Social Security and Medicare, and how they impact your paycheck. Understand the current rates and deductions.

Not all the Trump promises to cut tax on tips, overtime and Social Security made it into the proposed tax bill—and those provisions that did make it in are temporary and have restrictions. Days after ...

Tax professionals say changing payroll services may stop future mistakes, but it does not erase unpaid taxes or filing errors already on record with the IRS.