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

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

The 2025 tax filing season is underway, and there are several tax benefits that can help homeowners save money this year.

The Canada caregiver credit is a non-refundable tax credit that may be available to you. Who can you claim this credit for? What amounts can you claim? What documents do you need to support your claim ...

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

If you’ve got an old, broken-down car taking up space, you might be surprised to learn that it still holds value. Selling a ...

The 2024 mileage rate for use of your vehicle to do volunteer work for certain charitable organizations is 14 cents a mile.