Understanding what triggers an audit can help you steer clear, since not all audits happen by chance — certain situations ...

Here are five tax deductions every savvy real estate investor should know about to help maximize their returns while keeping ...

Using your car to commute to and from work as a regular employee doesn't qualify as a business expense, so these trips aren't tax deductible. You also can't write off your car insurance if your ...

There are common scenarios where pet owners cannot claim tax deductions, even if their pet plays a significant role in their lives. For example, if the pet is simply a companion, routine veterinary ...

In our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers readers' questions on tax deductions and ...

Explore whether financial advisor fees are tax-deductible. Learn about the impact of tax laws, specific deductions, claiming ...

Do you have professional expenses ... from tax, up to €2.70 per day (€59.40 per month) for your 2024 revenues. How to declare your business expenses? If you choose the lump sum deduction ...

Most people can't deduct ... expenses — are greater than the standard deduction. Otherwise, your accountant or tax software will automatically apply the standard deduction instead. A standard ...

Interest on student loans, mortgages, home equity loans and business expenses are still tax ... and anything that falls under this category is not tax-deductible. The IRS spells out that the ...