Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

Although Trump enacted the $10,000 SALT cap in 2017, he reversed his position last year on the campaign trail, vowing to “get ...

The IRS has announced inflation adjustments for 2025, bringing positive changes to tax credits and deductions. These ...

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, you are only reducing the amount of income subject to tax, but a credit ...

Whether the deduction limit is raised, eliminated or extended, there are steps taxpayers can take to minimize their tax ...

Depending on what you've spent, claiming your medical expenses can get you a bigger refund. We walk you through everything you need to know before filing your taxes.

A federal income tax limit of $10,000 on deductions for state and local taxes — of interest to NJ residents with high tax ...

Small unincorporated businesses were among the biggest beneficiaries of the TCJA. They received a 20% tax deduction, ...

With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.

President Donald Trump said he wants to make interest payments on car loans tax-deductible – but only for vehicles made in the U.S.

A new bill in North Carolina aims to provide an income tax deduction for tips and bonus pay, potentially benefiting many ...

President Trump proposed making loan interest on American-made vehicles tax deductible. Here's what tax policy experts say about the idea.