In certain cases, home improvements can also be deducted. For many taxpayers, the standard deduction is higher than their itemized deduction would be, so it’s worth running the numbers and ...

For example, a single tax filer earning $75,000 in 2024 and taking the $14,600 standard deduction -- or $60,400 taxable income -- will pay about $13,288 in federal income taxes. A $1,000 tax ...

However, if you're a remote worker filing your taxes, you still might not be able to claim the home office deduction. The home office deduction allows eligible taxpayers to reduce their tax ...

(KTLA) — A Hollywood veteran is helping freshmen at historically Black universities and colleges get off to a stress-free start. The students, who come from challenging backgrounds, are ...

With student loan interest payments resuming in late 2023, many borrowers are eligible to claim this deduction for their 2024 tax filings. The benefit, which has existed since 1997, can help ...

With more than half of Generation Z Americans in college now or in the recent past, and with many of them collecting student loan debt, the current political and economic climate demands a ...

it is often misunderstood as a tax exemption or tax deduction. Here's what it really means. “To taxpayers up to Rs12 lakh of normal income (other than special rate income such as capital gains ...

Add articles to your saved list and come back to them any time. A Coalition promise to allow small businesses to claim a tax deduction for business lunches could punch a $10 billion a year hole in ...