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 2025 tax year standard deduction for married couples filing jointly will rise to an even $30,000, while for single ...

(NewsNation) — When handling your taxes, it can be tricky to decide whether to opt for a tax deduction, tax credit, or both if you’re eligible. While both offer tax relief, they do so in ...

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

Unlike remote employees, self-employed workers—whose primary place of business is at home—can claim tax deductions for home office expenses. Self-employed individuals can deduct individual ...

Recent changes have reshaped how this tax deduction works. So, we asked tax and financial experts to answer common questions about claiming and making the most of it. Here's what they want you to ...

Apart from the recent changes, under the tax code, if your principal residence is destroyed in a federally declared disaster, you can claim a casualty loss deduction. Individuals and businesses in ...