From summer camps to smart home devices, here are four categories of expenses to consider adding to your list.

Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state ...

A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

Tax deductions can lower your amount of taxable income, while tax credits can reduce the amount of tax you owe. If you take some time to research them, you could save hundreds, if not thousands ...

The Inflation Reduction Act of 2022 reconfigured two nonrefundable tax credits for home improvements that save energy. Unlike ...

The federal government readjusts tax brackets and the annual standard deduction each year to keep up with inflation. One ...

People preparing to file taxes for the 2024 tax year may be eligible to claim a student loan tax deduction for interest payments.

The bad news: If you donate to a campaign, you probably won’t qualify for a tax deduction. Read on to learn how GoFundMe taxes work, whether you’re receiving money or donating to a campaign.

Legal betting nationwide for Sunday’s 59th Super Bowl between the Eagles and Chiefs is expected to generate a record-setting ...

Income Tax Bill 2025 eliminates deduction for inter-corporate dividends for companies opting for 22% tax rate, causing double ...

President Donald Trump’s 2017 tax law capped the SALT deduction at $10,000. At the outset of his second presidency, raising ...