The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.

From student loan interest to retirement contributions, explore above-the-line tax deductions that could reduce your taxable income and lower your tax bill.

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...

The IRS on Friday released a draft of Schedule 1-A (Form 1040), Additional Deductions, which includes sections for calculating four deductions allowed under H.R. 1, P.L. 119-21, commonly known as the ...