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.

While both offer tax relief, they do so in different ways. Understanding the difference is essential since deductions and ...

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

A federal income tax limit of $10,000 on deductions for state and local taxes — of interest to NJ residents with high tax ...

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

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 ...

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

Tax season is upon us again, and it's crucial you understand what you can deduct so you can reduce your bill — and maybe even get a refund. [ READ: The Fastest Way to Get Your Tax Refund] ...