Tax Season

But the larger deduction will cost $140 billion over the next 10 years.

Emails, texts, and fake websites posing as the IRS are becoming more sophisticated, according to research from McAfee.

Lori Evers, a retired CPA and volunteer with the AARP Foundation's Tax Aide program, breaks down the latest tax changes, plus how to protect yourself from identity theft.

Lower-income taxpayers will be able to deduct contributions for the first time, but there are new limits on higher-income taxpayers’ deductions.

Many filers have seen bigger refunds this year, especially those who are middle- or upper-middle income.

The tax and spending law, passed last summer, expands on President Donald Trump’s 2017 tax cuts, making it easier for big corporations to pay less in federal income taxes.

Buyers of new vehicles assembled in the U.S. could boost their tax refunds by hundreds of dollars through a new tax deduction for auto loan interest.

The agency lost more than 25% of its staff to cuts, and it’s also dealing with new provisions from the tax and spending law passed in 2025.

States differ on whether to conform to HR-1, leaving taxpayers with a patchwork of rules depending on where they live.