New tax breaks for tips, overtime pay and car loans come with strict limits that could leave many Americans out this tax season.

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

A for tax year 2025 tied to the “One, Big, Beautiful Bill,” offering deductions for tips, overtime pay, car loan inte ...

The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and ...

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.

Felecia Stevenson, owner of six Jackson Hewitt locations, and Park Forest-based Kirby Ashley outline new deductions for tax filers.

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

The IRS published instructions and tips to help qualified tipped workers to apply for the “No Tax on Tips” deduction.

Tax refunds are arriving for many, but a spike in gas prices and fears of rising inflation could put a damper on what ...

Locksmiths, tattoo artists and pedicab drivers are among those who could benefit from a new deduction this tax season that lowers the burden on workers who received tips as part of their income last ...

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes ...

Tax deductions have changed over the last year, so it's a good idea to read up on the new tax deductions that start in 2026 ...