The new federal tax deduction could dramatically reduce your tax bill this year. But it's not exactly tax-free. We break down the critical rules and qualifications.

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What is Schedule 1-A?

This shift has a coherent political logic. Democrats have grown increasingly dependent on upper middle-class support — while ...

The IRS hasn't gone away — so don’t destroy tax documents until the time limit for an audit runs out, or maybe even longer.

Brazil’s state-controlled oil giant Petroleo Brasileiro SA raised domestic diesel prices just a day after the Brazilian government announced federal tax breaks on fuels to shield consumers from ...

Winning the lottery sounds great — until taxes enter the picture. Here’s what to know about federal taxes, state taxes and ...