Gifts to charity are only deductible on your federal tax return if you itemize deductions. Also, the gifts must be received ...

Here’s how tax deductions work: Say you’re a married couple earning ... you should still file your taxes on time. Failure to do so will cause you to incur penalties, which can serve to worsen ...

Some lawmakers and President Trump want to offer overtime tax relief. But will a tax deduction or an exemption help you most?

Eligibility for the $4,000 deduction is subject to income-based restrictions. The deduction decreases by four percent for ...

Most of the time, you'll probably find that any given tax credit is "nonrefundable," meaning that it can only decrease your tax due closer to $0. Once you owe nothing, it can't keep going and increase ...

The Republican tax plan would raise the $10,000 cap for the state and local property tax deduction to $30,000 for families making up to $400,000.

Fortunately, there are certain situations where pet-related expenses may earn you a tax deduction ... often to those with anxiety or depression, but does not consider them a medical necessity ...

What Does the New Tax Law Mean for Charitable Donations ... to be larger than the standard deduction is often a matter of planning. Charitable deductions often work best combined with other deductions ...

How tax deductions work A deduction is a provision that lowers ... The scope of qualifying expenses is broad but does not include nonprescription medications, cosmetic surgery costs, or funeral ...