President-elect Donald Trump will begin his second nonconsecutive term with Republican control of both chambers of Congress, ...

Each year, the IRS releases new inflation-adjusted tax brackets and standard deductions. In 2025, these adjustments are ...

The standard deduction is a dollar-for-dollar reduction in taxable income, lowering the amount that a taxpayer owes the Internal Revenue Service.

The problem is that the current Trump tax cuts include limits on the federal income tax deduction for state and local taxes.

President-elect Donald Trump pledged to renew the tax cuts that he enacted in his first term, but keeping them around could ...

CINCINNATI (WKRC) - In a bill recently introduced to the Ohio General Assembly, a state lawmaker wants Ohioans to be able to ...

Fortunately, some of these costs are tax deductible and can shave thousands off your taxable income. To claim these tax breaks, though, you'll need to itemize your deductions. If your itemized ...

Income limits and vehicle price limits apply ... Also, donor-advised funds allow some to make a significant tax-deductible ...

Although paying taxes is a fact of life, the IRS offers taxpayers the ability to reduce what they owe via various tax deductions and tax credits. But it’s not as simple as it sounds. Before you ...

The Tuition and Fees Deduction was phased out, but two main credits are currently available: the American Opportunity Credit ...

BATON ROUGE — Key provisions of Louisiana Gov. Jeff Landry's plan to cut personal income and corporate taxes passed the state ...