"Generally, a standard deduction is the best choice for taxpayers whose total itemized deductions do not add up to more than ...

But for some taxpayers, it is still worth exploring the potential of itemized deductions, as overlooking it in favor of simplicity could "leave a significant amount of money on the table for Uncle ...

TAIPEI (Taiwan News) — The Ministry of Finance on Wednesday rejected calls to classify mortgage interest payments as a special deduction under the individual income tax system, stating current ...

CFP professionals are warning expiring tax cuts could pose significant risks to their clients’ financial goals.

Republicans passed a massive tax cut for almost all Americans. Yet people thought it was a tax hike. It's a good lesson in ...

MOF Taxation Administration Director-General Sung Hsiu-ling (宋秀玲) said that a major change this year is the reclassification of rental expense deductions, from an itemized deduction to a special ...

According to a survey, 79% of Americans have placed or plan to place a sports bet as the activity becomes more common and ...

Tax season just came and went, but one Pennsylvania congressman appears worried that thousands of commonwealth residents may have overpaid. Republican Pennsylvania Congressman Mike Kelly, chairman of ...

Are medical expenses tax deductible? Learn what qualifies, how the 7.5% AGI rule works and who can benefit from this IRS deduction.