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

With the Tax Cuts and Jobs Act (TCJA) set to expire in 2025, its future hangs in the balance, y the possibility of extending ...

Under the Tax Cuts and Jobs Act, itemizing homeowners homeowners can deduct mortgage interest on up to $750,000 worth of ...

The IRS updates tax brackets every year, so it's always a good idea to check whether you're close to one of the cutoff points.

State Representative Erin Paré said that as it stands right now, North Carolina law does not allow an itemized deduction for losses.

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

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

Tax season opened on Monday, January 27, meaning Americans are now able to file and pay their tax returns for 2024 with the Internal Revenue Service (IRS).

With the Republican party taking control of not just the White House but both chambers of Congress, the Tax Cuts and Jobs Act ...

We found at least 10 tax write offs and breaks that New York residents can use to save money with the IRS. Here's the legal ...

"It's taxable income," said Matthew Foreman, a tax attorney and partner at law firm Falcon Rappaport & Berkman. The winnings are income even if the prediction platforms don't send a notice formally ...