Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Standard versus itemized deduction: Which one should you claim? This question may be weighing heavily on your mind as you ...

State Representative Erin Paré said that as it stands right now, North Carolina law does not allow an itemized deduction for ...

Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the deduction and how to take it.

Tax season opened on Monday, January 27, meaning Americans are now able to file and pay their tax returns for 2024 with the Internal Revenue Service (IRS).

"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...

The post Your Recent Mortgage Statement Holds the Secret to a Big Tax Bonus This Year appeared first on Real Estate News & ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

Oregonians have more options for free online tax prep for the 2025 filing season. Some may qualify for the IRS Free File ...

There are several tax deductions for homeowners, from interest paid on your mortgage to specific home improvements. Find out ...

The 2017 Tax Cuts and Jobs Act eliminated unreimbursed itemized deductions for employees, and Congress never brought them back despite a surge in people working from home. The rule runs through ...