Calculating the home office deduction using the standard method involves completing IRS Form 8829 to calculate the amount of ...

President-elect Donald Trump should reward the multiracial and disproportionately working-class coalition that delivered him ...

Preparing for tax season 2026? Discover the newly increased standard deductions and expanded tax brackets that will affect ...

Learn how to claim a vehicle sales tax deduction and lessen your tax burden. Find out who qualifies and how you can claim and ...

Here’s what you need to know about the differences between tax deductions and tax credits and how they can help you reduce ...

Discover smart tax-saving strategies for the upcoming year. Learn how to maximize your deductions, minimize your tax burden, ...

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

While the legislation hasn’t yet been passed, it’s widely expected to eventually receive royal assent, and be effective as of this June 25. For investors with significant accrued capital gains in ...

Trump put the cap in place when president. It limits to $10,000 how much taxpayers can deduct on federal returns for state ...

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 ...

For 2025 tax returns, the standard deduction will increase by $400 from 2024 for single taxpayers and some who are married ...