along with other qualifying expenses, exceed 7.5% of your AGI and you itemize your deductions. What type of medical bills are ...

While these expenses used to be tax-deductible, the rules have changed. Here’s what the IRS says now about deducting moving ...

This is why it is not surprising that it is often asked whether individuals can include funeral expenses paid in their itemized deductions to reduce their annual tax burden. An individual person ...

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

Funeral expenses may be tax deductible when settling an estate ... However, how the policyholder dies and the type of benefit they have could determine if it gets paid out or not.

it's important to remember the 2024 educator expense tax deduction amount. Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight ...

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

If you're a W-2 remote employee hired for a period of time to complete ongoing work on a company's payroll, you probably ...

As is the case with other types of tax deductions, you likely are not allowed to deduct the cost of fines and penalties. Some fines and penalties may not be deducted as expenses for a rental ...

You might be able to deduct qualified medical expenses that are more than 7.5% of your adjusted gross income. Some states offer lower thresholds. Many, or all, of the products featured on this ...

Projects that increase your home's value are typically eligible for a tax exclusion — but most repairs are not.

Wage employees who choose to work from home take on the full weight of their related expenses, tax experts say. The 2017 Tax Cuts and Jobs Act eliminated unreimbursed itemized deductions for ...