In general, taxpayers cannot deduct rent from their federal income taxes. However, some states offer a renter's tax credit.

To help offset the self-employment taxes, there are quite a few deductions you can take to lower your business income. See if you qualify for them.

Learn how to reduce your tax liability when you make tax-deductible donations, including eligible donations, limits, and ...

The IRS has announced key tax changes for 2025 due to inflation, including adjustments to income tax brackets, deductions, ...

Since the 2017 tax reform, fewer donors are getting deductions for their giving. But with some planning, you may still be ...

With a median price for a home at $850,000 and $600,000 for a condominium, housing is among the most expensive in the nation; ...

Ho! Ho! Ho! Tis the season for giving and thinking to finalize tax considerations when reflecting on the past calendar year.

Signed into law on January 1, 2018 by President Donald Trump, the Tax Cuts and Jobs Act (TCJA) made significant changes to ...

A video of a fight between a bank manager and a customer at a Union Bank in Ahmedabad has gone viral. Jaiman Rawal, the ...

Tax deduction refers to claims made to reduce your taxable income, arising from various investments and expenses incurred by a taxpayer. Thus, income tax deduction reduces your overall tax liability.

A refundable tax credit would carry the same budgetary impact but boost homeownership among lower and middle-income households, a new study says.