If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable donations, and mortgage interest.

Discover three major new tax deductions for 2025/2026 from the OBBBA law. Learn if you can deduct income from tips, overtime ...

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

Americans who are 65 and older got a hefty new tax break under the massive tax bill that President Donald Trump signed into law on July 4: A new bonus deduction that’s worth as much as $6,000 per ...

Discover what medical expenses are deductible, including examples like insurance premiums and prescriptions, and learn how ...

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

The tax-and-spending bill includes several provisions that could have significant effects on your tax refunds come April – ...

Understanding your 1040 is the best way to legally minimize your taxes. Top tax professionals will tell you that effective tax planning needs to be proactive, not reactive. The best tax planning needs ...

You might be able to claim your fur babies' expenses on your tax return. Here are some situations that may count. Jasmine Johnson is an Accredited Financial Counselor and Accountant. She has over a ...