Tax season can feel overwhelming, but it’s also a golden opportunity to keep more of your hard-earned money. Every year, ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

Under Trump’s ‘big bill,’ the Senate Finance Committee has proposed a larger bonus tax deduction for older adults than the ...

Joseph Cioffi, Benjamin Snow and Adam Levy of Davis+Gilbert LLP discuss different factors and possible scenarios regarding tax consequences when cryptocurrency is stolen and then recovered.

Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers who itemized ...

Trump's GOP tax plan offers up to $10,000 in car loan interest deductions—but only for U.S.-assembled vehicles.

When rates are elevated, home prices high and the market tight, renting can sound like a better option than buying. But those ...

A provision in the GOP budget bill allows borrowers to temporarily deduct auto loan interest from their taxes, but it comes ...

One thing some are seeing as a win for businesses? Expanding and making permanent the "pass-through deduction." ...

For example, corporations cannot take a deduction ... if a corporation has a net operating loss (NOL) for the given tax year. The deduction received seeks to alleviate the potential consequences ...

The One Big Beautiful Bill Act exempts tips and overtime from taxation, but a new $1,000 Trump Deduction could deliver the ...

A proposed increase to the state and local tax (SALT) deduction would primarily benefit households in high-tax states.