The rules are strict around who is eligible to deduct a home office, and calculating the deductions can be complicated.

The traditional and Roth IRA contribution limits for tax year 2024 are $7,000 total among all your accounts. To help Americans who are behind in their retirement savings, employees 50 or older can ...

Instead of paying taxes on the full $75,000, they will only be taxed on $60,400, lowering their overall tax bill. Standard Deduction: Single, Married and Head of Household The size of your ...