You can significantly reduce your taxable income and improve your financial health by leveraging commonly overlooked ...

Tax season 2025 is here. Many Americans are starting to think about preparing returns. Some of us are putting it off. Here ...

Bonus depreciation was raised to 100 percent in 2017’s Tax Cuts and Jobs Act and was scheduled to fall by 20 percent a year ...

Members of the House Freedom Caucus have an idea for lawmakers from California, New Jersey and New York seeking to expand a ...

Wealthy taxpayers could get a break if Congress and Trump agree to raise the limit on federal deductions based on your local ...

Were donations nondeductible I would make no changes.

Self-employed workers and freelancers who work from home can take advantage of this tax deduction that other remote workers ...

NPS contributions of up to Rs 50,000 to the National Pension System (NPS) under Section 80CCD(1B) qualify for deductions only ...

There are other tax changes happening next year that could put more money in your paycheck. If you collect Social Security, ...

Some home improvements qualify as tax deductions, especially if they meet the IRS definition of “capital improvements.” If that sounds tricky, don’t sweat it. We’ll walk you through the ...

Tax strategies that apply to private partnerships include capital gains tax deferral, depreciation, tax credits, and ...

In the case of individuals, wrongful claims have been noticed in the deductions availed of for investments like purchase of ...