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?

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 ...

This little-known tax credit could save your business thousands of dollars per eligible hire. Here's how it works.

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.

House Republicans on Monday outlined their plans for a far-reaching tax bill that would deliver on several of President Trump ...

Draft legislation circulated by the House Ways and Means Committee would raise the current cap to $30,000 on individuals with taxable annual income of $400,000 or fewer.