New deductions will lower the tax bills for many Americans. Those who prefer to pay less in taxes throughout the year may want to adjust the amount withheld from their final paychecks of 2025.

Don’t automatically save your IRA for last. If you’re close to triggering an IRMAA surcharge or jumping into a higher tax bracket, pulling a bit from your Roth IRA could keep your income below critical thresholds, and save you thousands in taxes.

The One Big Beautiful Bill Act (OBBBA) added a new tax deduction worth up to $6,000 ($12,000 for married couples) for seniors. You must be at least 65 and not a high earner to qualify. Exact tax savings will vary depending on your income, tax filing status ...

The clock is ticking to claim tax credits for clean-energy home improvements. Green-energy tax credits for cars and homes are wilting fast. Here's how to claim these tax breaks before they're gone. Time is not on the side of anyone seeking help from Uncle ...

Health savings accounts (HSAs) offer investors a rare triple tax advantage (6). Not only are your contributions to this account tax deductible, but you can also defer taxes on any growth in the account and withdraw tax-free as long as the money is used for qualified medical expenses.

According to the One Big Beautiful Bill, babies born between 2025 and 2028 can be registered to get a Trump Account with $1,000 from the government (1). Parents can add up to $5,000 a year, and all of this money gets invested in U.S. stock-market index funds, such as the S&P 500.

HARRISBURG, Pa. — With the Pennsylvania state budget finally passed, some Pennsylvanians may see some savings once tax season comes around. The appropriations bill creates the "Working Pennsylvanians" tax credit — a refundable tax credit based on the ...

A husband can transfer any amount of money to his wife's account. There is no tax on this. However, if any income is generated from that money, it will be taxed.