Tax credits for homeowners don't require you to itemize. They directly reduce the amount of taxes you owe, and you can ...

The bills would increase deductions on the taxable income of Americans over the age of 65 and enjoying Social Security ...

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 ...

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

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

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

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

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

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

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

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

Oklahoma Sen. James Lankford introduces a bill to prevent marijuana businesses from deducting business expenses from their ...