Disposable income your take-home pay after taxes. It can be used to pay essentials, as well as any nonessentials, such as ...

Under the proposal, the senior bonus would allow older adults to deduct an additional $4,000 on their taxes. The deduction is ...

The proposal ends some taxes on tipped income and overtime pay and extends Trump’s expiring 2017 tax cuts.

A small business advocate says a paid leave proposal in the Illinois Senate would be a direct tax on workers and employers.

“The entire interest component of an educational loan is tax deductible. There is no upper limit on this deduction,” he said. This provision offers significant financial relief to borrowers ...

Financing may also offer tax benefits. “Financing major purchases can offer consumers the potential to deduct the interest paid on the loan,” Thompson said. “However, the deductibility of ...

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 ...