High-yield savings accounts and CDs were much more profitable in 2024 than in prior years, potentially leaving some taxpayers with a larger tax bill. Experts say there are some ways to defer or offset ...

The tax and retirement expert discusses whether to expect an extension of the 2017 Tax Cuts and Jobs Act and strategies to benefit from low tax rates.

Being older has its benefits. Here are two items exclusively for older adults that can help them save on taxes.

The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

There are an enormous number of side gigs that could help you earn a little extra cash each month. Whether you want to drive ...

If you lived with another person in 2024 If you lived with another person at any time in 2024 and in the first 60 days of 2025, you need to determine who can claim the deduction for child care ...

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 U.S. tax code may be notoriously complex, but understanding some basic terms can help you breeze through your tax return in no time. According to the Tax Foundation’s 2024 tax literacy poll, only ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...