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A tax deduction reduces the amount of income that is subject to taxation by federal and state governments. View the current standard deduction amounts and other tax deduction information.
Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.
Here’s what to know about records to hang on to and how long you should keep them.
Taxpayers can follow their refund online, by phone or with a smartphone app.
Personal credit card use is almost never eligible for a deduction come tax season, but if you’re using a business credit card you can likely deduct your fees.
There are a few ways to offset losses from business debt or nonbusiness debt.
Homeowners who are paying PMI may be able to deduct this cost once again. Here’s how.
It’s not too late to get a tax deduction for your IRA contributions.
Looking to score more tax deductions? IRA CDs might be for you.
Americans say they don’t expect to gain a lot from the GOP tax cut.
Approximately one out of five charitable donations will be larger than last year’s.
If your new job prompted a move, you might be able to write off the costs. Here’s how.
Some taxpayers may claim up to a dozen deductions right on their Form 1040. Here’s how.
Teachers can deduct classroom supplies, professional development courses and more.
It’s true! There are some good taxes, and you can use them to reduce your IRS bill.