Hawaii taxpayers have a new way to see how much state income tax relief they should receive through 2031 under historic ...

The Tuition and Fees Deduction was phased out, but there are two main credits still available. Learn more about college ...

Since we withdrew money from our 401 (k), we expect to owe the IRS money this year. However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks ...

Gross income includes all your earnings before deductions, while taxable income is the amount used to calculate your income tax liability after deductions and exemptions. Is there any rebate under ...

Some might be. In general, most closing costs are not tax-deductible. This is because the IRS regards them as part of the ...

You'll need to itemize your deductions to benefit from these tax breaks, so it's important to calculate whether you can write off enough to make it worth not taking the standard deduction.

Self-employed Uber and Lyft drivers can maximize tax deductions by tracking vehicle expenses, tolls, phone usage, and service ...

Withholding tax is deducted from employee wages to prepay state and federal taxes. Different types apply, including for income, Social Security, and Medicare. To calculate, adjust for allowances ...