Here’s how tax deductions work: Say you’re a married couple earning $100,000 per year and you have itemized tax deductions that total $30,000. In this case, you'll only be taxed on $70,000.

The IRS has approved some unusual deductions, including medical expenses ... a quick explainer on how tax breaks work and Delia Law’s list of the weirdest IRS-approved tax breaks.

The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.

Remember, however, that your work assignment must be temporary ... practices must be maintained on an ongoing basis for a tax deduction to survive an audit by the IRS or some other income ...

Note that this applies to work-from-home employees under the Tax Cuts and Jobs Act of 2017, which is in place through 2025. Keep an eye on potential changes in the future. To claim the deduction ...

With tax season just around the corner, knowing how to navigate work from home tax deductions can help you save time — and money — on your returns. Learn more about the home office tax ...

The unexpected voice vote comes as congressional Republicans work to pass legislation that would include a similar provision.

Millions of workers hoping to grab Labor’s new $1000 “instant” tax deduction will be waiting a while, and even when it ...

Taxpayers must wait until July 2027 to claim the new standard tax deduction for work-related expenses, which more than triples the current rate of claiming deductions without a receipt.

Followed categories will be added to My News. Taxpayers must wait until July 2027 to claim the new standard tax deduction for work-related expenses, which more than triples the current rate of ...