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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.
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.
A new IRS form helps you figure tax withholding from your paycheck. But it’s not easy.
It’s hard to believe, but the IRS doesn’t tax every cent you make! It only collects on your taxable income.
There are lots of tax reasons to own a home. Here’s how to make the most of them and avoid the pitfalls.
If there were such an animal as a typical interest-only borrower, it would be someone whose main income is from bonuses once or twice a year.
Tax Adviser George Saenz answers reader questions on valuing charitable donations and taxes on a partial land sale.
A special standard deduction amount for older and blind taxpayers is easy to claim. Just check a couple of boxes on your return.
Donations can be valuable tax-cutting tools if you follow documentation rules.