New Tax Rules And Strategies To Consider In 2026

The One Big Beautiful Bill included sweeping tax law changes. Here are several key changes individual taxpayers need to know ...
MiBolsilloColombia on MSN

Standard deduction 2026: The new numbers you need to file your taxes

The IRS has updated standard deduction amounts for 2026 to reflect inflation and recent law changes, helping taxpayers avoid ...
Forbes

A First Look At The New Tax Form For Claiming Deductions For Tips, Overtime, Car Interest And Seniors

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...
AOL

3 Ways To Maximize Your Tax Deduction If You’re Itemizing for 2025

President Donald Trump’s One Big Beautiful Bill Act (OBBBA) raised the state and local tax (SALT) cap deduction to $40,000 from the previous $10,000, as previously reported by GOBankingRates. For ...
GOBankingRates on MSN

Work from home tax deductions: Who qualifies and what you can claim

With tax season just around the corner, knowing how to navigate work from home tax deductions can help you save time — and ...
JournalofAccountancy

What kind of deduction is a hobby expense?

In a case of first impression for the Eleventh Circuit, the court affirmed a Tax Court holding that expenses of activities not engaged in for profit, i.e., hobbies, are allowable only as miscellaneous ...