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

Owning a home comes with costs, but it also provides tax benefits that can lower your taxable income. For those filing taxes in 2025, deductions like mortgage interest and home office expenses have ...

Rising health costs in 2026 are colliding with a complicated tax code, and many households are trying to figure out whether ...

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

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership. Common tax breaks available to homeowners include a mortgage interest ...