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.

Depending on what you've spent, claiming your medical expenses can get you a bigger refund. We walk you through everything ...

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, you are only reducing the amount of income subject to tax, but a credit ...

I. Investing for tax deduction: Investors must invest before March 31 to be able to claim tax deduction for the financial ...

Don’t leave money on the table when you prepare your 2024 income taxes. We’re here to help you claim all the expenses you can ...

When it comes to taxes, high-net-worth individuals and business owners have access to some creative ways to legally deduct ...

Korea will overhaul its death tax system, shifting from taxing the total estate left by the deceased to taxing the amount ...

Tax write-offs and deductions reduce your taxable income ... With the standard deduction, you’ll opt to have your income reduced by a set amount of $15,000 for single filers and married couples ...

Whether the deduction limit is raised, eliminated or extended, there are steps taxpayers can take to minimize their tax ...

Acronyms like CRT, CRAT, CRUT and NICRUT could have many clients' heads spinning. Here's a guide to the key pros and cons for ...

The IRS has announced inflation adjustments for 2025, bringing positive changes to tax credits and deductions. These ...

It's generally recommended to set aside 20 to 30% of your earnings to pay your tax bill. However, deductions can help you lower your taxable income and help you pay less in taxes. At CNBC Select ...