“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

Very few people like tax season, but missing out on valuable deductions could mean leaving money on the table. Many taxpayers ...

On top of a new presidency, changing economic tides and more, we have another crucial money event to focus on soon: tax ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Tax season is upon us. As CPAs and tax attorneys launch into their busy season, millions of Americans are turning to their ...

What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result in tax savings? This article explores the key deductions available under ...

When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...

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

If you decide to take a home office deduction and are self-employed, a portion of your HOA can be considered tax deductible on a prorated basis. If your home office occupies 20% of your home, you ...

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

There are more than a few deductions in the offing on April 15 for taxpayers who hopped on this real estate strategy that ...

Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the ...