There is an above-the-line deduction available for many individual taxpayers for qualified tuition and related expenses. The deductible expenses are defined in the same manner as they are for the ...

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

Congress enacted the alternative minimum tax (AMT) provisions found in IRC sections 55 to 59 to establish a floor so individuals would pay some tax regardless of the exclusions, deductions and credits ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

A few months ago, in response to a question from a reader, I discussed the deduction of health care premiums. I received many responses, and several readers raised issues related to this deduction.

In REG-100814-19, the IRS issued proposed rules clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, ...

The 2017 Tax Cuts and Jobs Act has resulted in numerous changes to the tax laws— both on the individual and business levels. Some of the most impactful changes affecting 2018 and beyond are those ...

Learn about IRS Form 8829, including who qualifies and how to fill out this form to claim a home office deduction. Many, or all, of the products featured on this page are from our advertising partners ...

Obese Americans who take drastic, expensive action to lose weight under a doctor’s orders will at least be able to lighten their tax load. The Internal Revenue Service allows taxpayers who are forced ...

Tax consequences to an individual whose stock, securities or other property lose value by reason of a crime may be significantly affected by whether the losses "arise…from theft" within the meaning of ...