NEXT explains that if you’re an independent contractor, it’s your job to pay taxes on your own—and you’ll want as many 1099 ...

“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is ...

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

President Donald Trump floated a new proposal that would allow Americans to deduct interest payments on car loans for ...

With the start of the new financial year, many income tax changes will take effect; understanding the latest income tax slabs ...

President Donald Trump announced a new policy instituting auto loan interest deductions for American-made cars.

If those costs add up, itemizing your deductions could net you a bigger tax break.Some expenses you can deduct by itemizing ...

President Donald Trump and House Speaker Mike Johnson are working on creating a new tax deduction for interest paid on auto ...

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.