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

Generally, a standard deduction is the best choice for taxpayers whose total itemized deductions do not add up to more than ...

What's the difference between standard and itemized deductions? Here's what it could mean for your 2025 tax refund.

Is this meal tax deductible? Knowing the answer can help business owners lower their 2024 taxes and avoid IRS headaches.

As the IRS tax season kicks off on January 27, 2025, understanding how to deduct medical expenses can significantly impact ...

The Trump administration has committed to sweeping action on tax policy. Learn more about the top five tax policy changes ...

When handling your taxes, it can be tricky to decide whether to opt for a tax deduction, tax credit, or both if you’re ...

A now-viral Instagram post claims pet parents can deduct pet expenses on their taxes in 2025. Turns out, the claim is true -- ...

Home office deductions only apply to small business owners who are self-employed. If you do freelance work unrelated to your ...

The general rule is that any ordinary and reasonable expense you pay while conducting a business activity is deductible in ...

State lawmakers are considering bills that would reduce taxes on tips and overtime pay, as well as gambling losses.

There are plenty of ways to lower your taxes, including credits, deductions and advanced investment strategies.