Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.

The passage of the One Big Beautiful Bill Act (OBBBA) marks a pivotal moment for the franchise industry. With sweeping tax reforms and strategic incentives, this legislation is poised to reshape how ...

The legislation brings a lot of changes that are worth worrying about, but at least you might be able to get some new tax deductions. Thomas Kika Former Writer Thomas is a native of upstate New York ...

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law. The new ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Illustration ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

The IRS has announced the annual inflation adjustments for the year 2026, including tax rate schedules, tax tables and cost-of-living adjustments. These are the official numbers for the tax year ...