Navigating the complexities of homeownership in the United States involves understanding which expenses are deductible and ...

Tax season is here, so thoughts naturally turn to finding ways to save money. While most people stick to standard deductions ...

Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

A deductible is the amount you'll have to pay for medical care at the beginning of your insurance policy. The out-of-pocket max is the most you'll pay for medical expenses in a year. For each policy ...

A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

Wage employees who choose to work from home take on the full weight of their related expenses, tax experts say. The 2017 Tax Cuts and Jobs Act eliminated unreimbursed itemized deductions for ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

Can I write off HOA fees on a rental property? If you own a rental property and lease it to a tenant, you can deduct your HOA fees. "The HOA fees are an ordinary and necessary expense to generate your ...

For the typical pet owner, moving costs are no longer tax deductible. However active duty military members, those who have to ...