W ith tax season officially underway, you'll need to know the standard deduction amount you can claim for 2024. After all, most taxpayers opt to take the standard deduction rather ...

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

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

Tax filing season has begun. The Internal Revenue Service has information for people who are already filing their returns.

The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 ...

Despite being a top priority for new Indiana Gov. Mike Braun, Republican leaders in the General Assembly seem to be taking a ...

A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...

Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a t ...

Key Takeaways - Is Interest on Personal Loans Tax Deductible? You can use a personal loan for a variety of useful purposes, ...

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