Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.
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Are moving expenses tax-deductible? Key rules, loopholes and what counts
Federal tax rules on relocation flipped in the last decade, and many people are still planning moves as if the old write offs ...
The One Big Beautiful Bill included sweeping tax law changes. Here are several key changes individual taxpayers need to know ...
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...
President Donald Trump’s One Big Beautiful Bill Act, which was recently signed into law, offers Americans a number of tax benefits. It makes many of the changes from the Tax Cuts and Jobs Act (TCJA) ...
What Does Tax-Deductible Mean? The U.S. tax system can be a bit convoluted, and if you’re trying to learn every single aspect about filing taxes, you’ll find yourself deep in a rabbit hole. The good ...
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 ...
When you file your taxes, itemizing deductions can help you reduce your taxable income. Some people are eligible to deduct their sales tax. If you choose to itemize deductions, you’ll have the option ...
New federal tax laws effective as of January 1, 2026, will change how charitable deductions work for most taxpayers. Adopted under the One Big Beautiful Bill Act, the new rules may affect anyone who ...
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