The IRS Direct File program is no longer available. (Photo by Tasos Katopodis/Getty Images for Economic Security Project) We knew that it was coming, but now we know for sure: Direct File, the free ...

WASHINGTON, DC - JULY 04: President Donald Trump, joined by Republican lawmakers, signs the One, Big Beautiful Bill Act into law. (Photo by Samuel Corum/Getty Images) Now that the ink has dried on the ...

Below are details of many of the tax provisions in the act commonly known as the One Big Beautiful Bill Act, which was signed into law Friday by President Donald Trump. The House approved the measure ...

Direct File was launched as a pilot program in 2024. It allowed eligible taxpayers in a limited number of states to file their federal returns directly with the IRS at no cost. The program was ...

Critics contend that the measure will scare off the foreign investment that President Trump wants to attract. By Alan Rappeport and Colby Smith Alan Rappeport covers the Treasury Department. Colby ...

The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided ...

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. Photo by Drew Angerer / AFP via ...

“While Social Security benefits will continue to be taxed under existing rules, the new senior deduction may provide some relief by reducing or eliminating the tax owed for qualifying individuals.” ...

The One Big Beautiful Bill Act, as passed by the House and whose revised text was released Monday by Republicans on the Senate Finance Committee, includes a number of significant tax provisions for ...