Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Read our comprehensive TurboTax review to explore features, pricing, ease of use, and customer support. Find out if TurboTax ...

LITTLE ROCK, Ark. (KATV) — On Saturday, Entergy Arkansas and community partners hosted Super Tax Day free filing events across the state. IRS-certified volunteers were available to provide assistance ...

Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...

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

Super Members Council CEO Misha Schubert. “For $200,000 balances, the extra tax could be $9000.” Ms Schubert said some of the inactive accounts belonged to people over 65 who were still ...

Your home, car, insurance, retirement savings and even your education bills could get you a tax break ... itemized deduction, which means you don’t necessarily have to itemize to claim it.

Buc-ee's filed a lawsuit against a smaller Texas-based gas station chain on allegations of copyright infringement, claiming Super Fuels' logo is too similar to the Buc-ee's logo. The lawsuit filed ...

In addition, if you are considered a "non-resident alien" or if your return covers a tax period of less than one year, you will not be able to claim the standard deduction. Remember, the important ...

Source for all charts: IRS (PDF). Most taxpayers with simple tax returns claim the standard deduction, which reduces their taxable income. If you receive your wages solely from an employer as a W ...

Tax deductions can work both as above-the-line deductions or as itemized deductions. Above-the-line deductions are applied to your adjusted gross income (AGI) even if you claim the standard ...

Super senior citizens (80+ years): ₹5,00,000. New Regime: Uniform exemption: ₹3,00,000 for all taxpayers. Income tax deductions allow taxpayers to reduce their taxable income by claiming specific ...