Forbes contributors publish independent expert analyses and insights. Joseph J. Thorndike writes about tax history. The state and local tax deduction has been a part of the federal income tax from the ...

Treating your Social Security benefits as if they're not potentially taxable on 2025 federal income tax returns. Start the ...

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

Seniors could keep more money with new tax break phasing in for 2025 returns. The extra deduction helps lower- and ...

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

American taxpayers aged 65 and older will receive a new $6,000 bonus tax deduction next year as part of President Donald Trump’s One Big Beautiful Bill Act. The temporary deduction comes alongside ...

Budget 2026 should make tax deduction for health insurance premium paid under Section 80D in new tax regime also ...