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

The IRS offers special tax breaks for seniors that can save you thousands as you get older. Here's what you need to know.

Some people look forward to the tax-filing season because it results in an IRS refund coming their way. Now it can be argued ...

Rep. Dave Taylor (R-OH) is working on legislation to allow consumers to get deductions on their auto loan interest if the ...

Most of the time, you'll probably find that any given tax credit is "nonrefundable," meaning that it can only decrease your ...

There are common scenarios where pet owners cannot claim tax deductions, even if their pet plays a significant role in their ...

"Interest on home equity loans and lines of credit are deductible only if the borrowed funds are used to buy, build, or ...

Public sector and tax-exempt organizations can claim a tax deduction to help lower the cost of green building projects, once ...

The 2017 Tax Cuts and Jobs Act (TCJA) is set to expire this year, yet only 45% of Americans are aware of it, according to the ...

Florida homeowners are in crisis—but one Washington, D.C., lawmaker wants to offer tax relief as a way to ease the burden.

Interest paid on outstanding student loan debt, mortgage and home equity loan debt, business expenses, and interest on money ...