Very few people like tax season, but missing out on valuable deductions could mean leaving money on the table. Many taxpayers ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Gillibrand, LaLota, Suozzi say lifting the $10,000 federal income tax cap on state and local tax deductions, or SALT, is the ...

People preparing to file taxes for the 2024 tax year may be eligible to claim a student loan tax deduction for interest payments.

WASHINGTON — President Trump asked congressional Republican leaders Thursday to end tax perks for sports team owners and ...

President Donald Trump is mounting another effort to eliminate a controversial loophole that has long allowed Wall Street’s ...

Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with ...

Legal betting nationwide for Sunday’s 59th Super Bowl between the Eagles and Chiefs is expected to generate a record-setting ...

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

The 2017 tax reform capped at $10,000 the amount of state and local tax (SALT) payments that can be deducted from federal ...

The Trump administration's list of tax priorities includes eliminating a loophole that benefits private equity firms, hedge ...

The bill would allow North Carolinians choosing the itemized deduction to deduct wagering losses from their taxable income, ...