Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses.

With tax season here, understanding whether to itemize deductions or take the standard deduction can help you maximize ...

After your spouse dies, you could face a surprise higher tax bill, financial experts say. But it’s possible to prepare with advanced planning.

The Tax Cuts and Jobs Act (TCJA), a massive overhaul of the tax code, is set to expire at the end of 2025. Here’s what could happen.

The tax code allows deductions for qualified miles driven for business, medical, moving and charitable purposes. But to claim ...

Acronyms like CRT, CRAT, CRUT and NICRUT could have many clients' heads spinning. Here's a guide to the key pros and cons for ...

The potential cap, which would limit how much philanthropic donors can deduct from their state taxes, adds to a climate of ...

Hawaii taxpayers have a new way to see how much state income tax relief they should receive through 2031 under historic ...

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 large part of the economic uncertainty small business owners are feeling can be directly attributed to the lack of ...

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

Tax credits and tax deductions both help you save money on your IRS bills, but they are not the same.  Unfortunately, ...