Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

President Donald Trump’s One Big Beautiful Bill Act (OBBBA) raised the state and local tax (SALT) cap deduction to $40,000 from the previous $10,000, as previously reported by GOBankingRates. For ...

Meredith Dietz is Lifehacker’s Senior Staff Writer. She earned her bachelor’s degree in English and Communications from Northeastern University, where she graduated as valedictorian of her college.

The standard deduction is the dollar amount that reduces the amount of income on which you are taxed. And, for tax year 2023, that figure has changed. Standard vs. itemized According to the Internal ...

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 ...

In a case of first impression for the Eleventh Circuit, the court affirmed a Tax Court holding that expenses of activities not engaged in for profit, i.e., hobbies, are allowable only as miscellaneous ...

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.