Don’t overlook these new tax deductions and credits that can help put more money in your pocket. CPA and TurboTax expert Miguel Burgos fills us in.

Question: My wife and I recently purchased two new cars and had to pay over $15,000 in sales tax. Will we be able to deduct the sales tax on our individual income tax return as a federal itemized ...

Forbes contributors publish independent expert analyses and insights. Kristin McKenna, President, Darrow Wealth Management in Boston, MA The first quarter of a new year typically means focusing on tax ...

The One Big Beautiful Bill Act made some long-awaited permanent changes to the tax code. It also introduced short-term tax ...

You can deduct 2025 holiday donations on your 2025 taxes if you claim itemized deductions. Trump’s tax and spending package will bring the biggest changes to charitable tax deductions in nearly a ...

This year’s tax season — which officially kicks off Monday — will be a doozy. The Internal Revenue Service anticipates receiving some 164 million individual income tax returns, with the bulk filed ...

Annual gross income Think of this as your salary, or the sum of your wages and tips, plus any income from interest, dividends, alimony, retirement distributions, unemployment compensation and Social ...

Experts say new deductions, hurdles and provisions could make completing your returns more complex this tax season.