A Maryland Bureau of Revenue Estimates analysis of Moore’s budget plans hows that modest-income earners will see their taxes ...

With the tax-filing season in progress, you probably have wondered how you compare with other Arizonans. Here are some numbers supplied by the IRS.

The IRS provides tax credits for a wide range of expenses you pay during the tax year but the rules can be complicated. Find ...

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

W ith tax season officially underway, you'll need to know the standard deduction amount you can claim for 2024. After all, most taxpayers opt to take the standard deduction rather ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...

As tax season rolls around, you may have a number of questions on your mind — including whether your mortgage interest is tax deductible in 2025. The short answer is yes, but whether or not ...

The 2025 tax filing season is underway, and there are several tax benefits that can help homeowners save money this year. Homeowners can deduct costs like mortgag ...

The 2017 Tax Cuts and Jobs Act eliminated unreimbursed itemized deductions for employees ... Pennsylvania and New York, for example, allow employees to deduct some unreimbursed expenses.

However, if you have a lot of expenses that might qualify as itemized deductions, you might consider that option to see if you save more money. For example, if you have a mortgage, pay high ...

Your payday could get a bump this year now that the Internal Revenue Service's updated income tax brackets and higher standard deductions ... stayed the same. For example, if you made $48,000 ...

For example, if you owed $2,500 on your tax ... Tax deductions can work both as above-the-line deductions or as itemized deductions. Above-the-line deductions are applied to your adjusted gross ...