Here are some prevalent tax scams like phishing, fake charities, and IRS impersonations, and some advice on protective ...

This tax season, my household is claiming the mortgage tax deduction. Last year, we paid a lot in mortgage interest -- more ...

Crucially, those already on a 10% withholding plan will not be affected by the new 100% withholding rate. However tax refund ...

The potential cap, which would limit how much philanthropic donors can deduct from their state taxes, adds to a climate of ...

A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...

The alternative minimum tax (AMT) is a separate way to calculate taxes that makes sure high-income earners pay at least a ...

Two deductions you’ll normally see on a payslip are income tax and National Insurance. Income tax is a deduction that goes ...

Unlike other deductions, the standard deduction does not need to be justified with any supporting documentation. You simply ...

With tax season here, understanding whether to itemize deductions or take the standard deduction can help you maximize ...

This article explains the concept of a Lower Deduction Certificate, its legal basis, eligibility, and the detailed procedure ...

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

The Tax Cuts and Jobs Act (TCJA), a massive overhaul of the tax code, is set to expire at the end of 2025. Here’s what could happen.