Many homeowners assume everyday housing expenses can help reduce their tax bill — but when it comes to homeowners insurance, ...

Taxpayers can deduct medical expenses by itemizing them on their taxes. However, these deductions may be out of your reach as the current standard deduction is high. In 2024, the standard deduction is ...

Feel like you're starting the new year with slimmed down work benefits? You may be right. Changes in some business tax laws ...

When you close on a home purchase or mortgage refinance, there are always various closing costs to pay. From appraisals and home inspections to loan origination fees and property taxes, these expenses ...

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

Social Security recipients will see a 2.8 percent boost in cost-of-living adjustment (COLA) for 2026, raising the average ...

The IRS provides student loan interest deduction that lets borrowers subtract some of the payments from their taxable income.

Subsidizing giving through tax deductions benefits the rich but ends up costing charities and the government, according to The Washington Post’s Wonkblog, though having the deductions probably ...

OK, so here in Washington we have this battle ongoing over the budget with the deficit deadline looming. And part of what's on the table is a debate over taxes, and we've been learning about ...