New IRS form Schedule 1‑A unlocks 4 major tax deductions for 2025

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?

Tax changes taking effect in 2026 may boost the number of donors but lead to the US missing out on an estimated $5.7B a year in charitable giving

These changes to how much Americans and US corporations give, if these projections prove accurate, would amount to about 1% of all donations made in 2024.

The tension between US and global tax initiatives

Some of the changes made to global tax initiatives under the Trump administration had been coming for years. Others, not so much.

Federal funding cuts shift state budgets

A variety of factors, many stemming from federal funding and policy changes, are impacting state budgets across the U.S.
Investopedia

Refund: What It Means, Different Types, Example

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...