Are HOA fees tax-deductible? A CPA explains when you can write them off and when you can't. Because, honestly, it just ...

Many Baby Boomers miss valuable tax deductions each year. Learn eight often-forgotten breaks, including a new $6,000 senior ...

Do you live in a community with a homeowners association? What to know about how fees may affect your taxes this year ...

A tax credit is a dollar-for-dollar reduction of your tax liability, while a tax deduction allows you to exempt a portion of your income from taxes. If you're in a high tax bracket, claiming the right ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

The 2026 tax season kicks off this week as the Internal Revenue Service begins accepting the first of what is expected to be more than 150 million tax returns filed on or before the April 15 deadline.

Question: My wife and I recently purchased two new cars and had to pay over $15,000 in sales tax. Will we be able to deduct the sales tax on our individual income tax return as a federal itemized ...

The tax law changes of 2025 don’t end Social Security taxes, but they boost deductions for those 65 and older, cutting taxable income and bills for many retirees. The standard deduction rises to ...

“Not all tax-exempt organizations offer the donor deduction benefit. For example, social welfare groups (501(c)(4)) and trade associations (501(c)(6)) are tax-exempt, but donations to them are usually ...

Early-bird tax filers will be happy to know that the Internal Revenue Service will begin accepting and processing 2025 income tax returns on Monday, Jan. 26. Taxpayers are likely to be shocked to ...

Gov. Katie Hobbs is again calling for lawmakers to establish an income cap on families to receive private school vouchers, a longshot request that is among her policy goals for her fourth year in ...