If you need more time to finish your taxes, the IRS allows one free six month extension. Here's how to file for a tax ...

Missed the income tax return deadline. Do not worry. You can still fix mistakes. File a rectification application under ...

A higher state and local tax deduction What had been a $10,000 cap on the amount of state and local taxes that itemizers may deduct on their federal income tax return is now $40,000 ($20,000 if ...

Parents cannot depend on an automatic enrollment system to create a new Trump Account for their children. To qualify for the $1,000 pilot program contribution for a Trump Account, a child must be a ...

A new $6,000 deduction for senior citizens and less taxes on tips and overtime are some of the biggest changes for your 2025 tax return. Peter is a writer and editor for the CNET How-To team. He has ...

The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful Bill Act, taxpayers 65 and older can claim an additional $6,000 without itemizing their ...