All new car and truck buyers who take out a car loan won't qualify for the tax deduction. Much will depend on your income, ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do ...

Rental property tax deductions allow you to claim the cost of repairs, maintenance, taxes, insurance, depreciation and any ...

For example, if you owe $1,500 in taxes and qualify ... Is It Worth It to Claim Both Tax Deductions and Tax Credits? Yes, it is worth it to claim both tax deductions and credits.

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

House Republicans' tax bill will include significant relief for senior citizens, Ways & Means Committee Chairman Jason Smith ...

Tax deductions reduce your taxable income ... that apply to you based on your filing status and income level. For example, if you're a single taxpayer with $75,000 in taxable income for 2024 ...

Tax deductions for homeowners Mortgage interest ... made to help a member of your household with a medical condition. Examples include lowering kitchen cabinets, renovating a shower and adding ...

"Whether it passes free-standing or as part of the bigger bill, one way or another, no tax on tips is going to become law and give real relief to hard-working Americans," Sen. Ted Cruz, R-Texas., said ...

For example, you can't deduct health insurance that you get through your employer, called group health coverage. But, you can deduct Affordable Care Act (ACA) coverage, also called Obamacare, in some ...

The National Federation of Independent Business (NFIB) has released two new digital tools to help small business owners, policymakers, and the public in Kansas understand the significant economic ...