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.
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.
A new IRS form helps you figure tax withholding from your paycheck. But it’s not easy.
The IRS issued more than 111 million refunds last year. Here’s how much money was refunded.
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.
Determine which is best for you — the simplified or the regular home office deduction.