Have you filed your taxes yet? Wondering what you might be able to write off on your taxes ... or tuxedo you'll never wear again? You can donate them to charity and take a charitable deduction.

“Some of my clients buy artwork for their offices or donate it to charity for a tax write-off,” Adams said. “The IRS tends to scrutinize these, so you need clear documentation showing its ...

For example, if you're a single filer whose tax write-offs in 2024 totaled $10,000, you'd reduce your taxable income more by taking the standard deduction ($14,600) than by itemizing. A complete ...

Zoe Cadore is considering a run for the Houston-area congressional seat that has come open after the death of Democratic Rep. Sylvester Turner.

When you fill out your annual federal income tax return, you can either ... from claiming itemized deduction, like the write-off for charitable donations. But you can still claim “above-the ...

This week in Central Virginia, Founding Father James Madison's 274th birthday at Montpelier, the Chamber's Women of ...

As Democrats balk over Tesla not paying any federal income taxes, they fail to point out that the company is using tax breaks ...

Instead, business taxes are reported on Schedule C. Once the business forms are filed for a partnership, LLC, or an S-Corp ... industry-specific tax write-offs. The best tax software for small ...

Nigerian politician Orji Uzor Kalu was accused of corruption charges in his country at a time when he was investing in South ...