Looking ahead to your 2025 taxes and wondering about standard tax deduction amounts for each filing status? Here's what's ...

The deadline to file your taxes is less than a month away, and if you’re doing them for the first time, you might be feeling ...

The alternative minimum tax (AMT) can reduce or eliminate the benefit of the standard deduction for certain taxpayers, particularly those with higher incomes or specific types of tax-preference items.

If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income.

Since we withdrew money from our 401 (k), we expect to owe the IRS money this year. However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks ...

The most overlooked tax credits involve energy home improvements.” — Doug Throneburg, CPA, CFP and head of wealth management ...

Homeowners have two choices when claiming deductions to reduce their taxable income: the standard or itemized deduction. But ...

The Tax Cuts and Jobs Act, or TCJA, Trump’s sweeping overhaul of the tax code, is expiring at the end of this year. Here’s ...

A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...

When my wife pointed out that our combined income would affect our Roth IRA contributions, I realized I needed to learn more ...