Navigating tax season can be daunting, but you don't need to itemize deductions to enjoy significant tax breaks.

With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.

Raising taxes on main street businesses in high tax states will hurt job creators and may pave the road to a recession in the ...

The IRS allows deductions for the cost of a ransomware attack as a business expense, as long as you can provided receipts of the cyber attack.

The state and local tax deduction could change in 2025 as lawmakers debate Trump's tax cuts. Here's what to know.

But the cost to the state would be hefty: an estimated $334 million in the short term and over $200 million annually afterwards, according to a nonpartisan fiscal analysis.

Some might be. In general, most closing costs are not tax-deductible. This is because the IRS regards them as part of the ...

Sixty-two percent of taxpayers could face a tax increase if the Tax Cuts and Jobs Act expires at the end of the year.

If you opt for the standard mileage rate (67 cents per mile for tax year 2024), you calculate your deduction based on the ...

That's because unlike federal law, North Carolina does not allow players to deduct their losses. For James Joyce and his friends that realization was enough to make them stop gambling altogether.

It states the IRS will allow tax deductions on pets in 2025. As Dodson explained, "Can you deduct your pet expenses and so forth? Absolutely, you can, if you meet certain requirements set out by ...

Additionally, the salon and cosmetologist entered into a written agreement authorizing the salon to deduct from the employee’s pay fees for hair care products, such as hair color and dyes ...