Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

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

Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with ...

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

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

Very few people like tax season, but missing out on valuable deductions could mean leaving money on the table. Many taxpayers overlook key write-offs that could lower their bills or put more money ...

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

Rep. Erin Paré, a Holly Springs Republican who was recently appointed a chair of the House Appropriations Committee, filed ...

"We need charitable giving to go up, not down. So the governor's proposal raises a lot of concerns," said Jim Klocke, CEO of ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

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

As the tax deadline looms many folks are beginning to take a closer look at their situation regarding their taxes and ...