The $4.9 billion legislation would aid disaster victims from events as far back as December 2020. And the bill would offer tax breaks to people affected by recent hurricanes, including those in ...

The $10,000 per federal income tax return cap on the deductions, called SALT, was imposed in 2017 as part of the sweeping ...

If you're suddenly eligible for these credits when the unemployment exemption ... and you're not requesting any other changes to your 2020 tax return. Next year, when you try to e-file your ...

Donald Trump dropped a new promise during his New York City campaign rally on Sunday: a tax break for family caregivers ...

Millions of survivors of natural disasters will get much-needed tax breaks on compensation, but it’s only a drop in the bucket. The Federal Disaster Tax Relief Act brings tax relief to victims ...

Most borrowers couldn't claim the deduction on federal student loans during the pandemic-era pause on student loan bills, which spanned from March 2020 to October 2023. With interest rates on those ...

However, with the passage of the Tax Cuts and Jobs Act of 2017, the standard deduction nearly doubled, which has resulted in fewer people itemizing their deductions now. During the 2020 and 2021 ...

Tax Write-Offs You Shouldn’t Overlook You may be eligible for new tax breaks for the 2020 tax year. Don’t overlook the following credits and deductions. The true total cost of tax evasion ...

Refundable tax credits can seem like giving away money, and they are understandably popular incentives with low- and middle-income taxpayers who can benefit. In the 2020 election season ...