"If you see a TikTok account suggesting you can claim your dog as a legitimate work expense this tax time, it’s probably time to put down your phone," the group said in a statement. It ...

Valaris reported a net loss of $39 million for the first quarter of 2025, hurt by a tax expense of $194 million. Offshore drilling contractor Valaris Limited has reported a net loss of $39 million ...

May 6 (Reuters) - Indian drugmaker Alembic Pharmaceuticals (ALEM.NS), opens new tab reported a 12% fall in fourth-quarter profit on Tuesday, hurt by a deferred tax expense that offset the impact ...

But many taxpayers miss out on this valuable tax break because they don't know which expenses are eligible or how to claim them. Here's what you need to know to deduct eligible medical costs from ...

The good news is that many medical expenses can be deducted from your tax return, says Stefanie Ricchio, CPA, tax expert and spokesperson for TurboTax Canada. Many medical expenses qualify as tax ...

You won’t know what 7.5% of your AGI will be until you prepare your taxes, of course, unless you experienced a catastrophic event whose expenses will obviously meet the 7.5% threshold.

Tax Day for the 2024-2025 tax year is Tuesday, April 15, 2025. The IRS has approved some unusual deductions, including medical expenses for clarinet lessons and a swimming pool. Those who miss the ...

Instead, specify the cost of shipping under "Other Miscellaneous Expenses" when filing your tax return. When you file your taxes, your office supplies are deducted from your profit. This means ...

A tax expense is a liability owed to a federal, state, or local government within a given time period, typically over the course of a year. Tax expenses are calculated by multiplying the tax rate ...

Until recently, many unreimbursed job expenses for W-2 income taxpayers were deductible when it came time to file year-end taxes. However, new legislation has eliminated the deduction, perhaps ...

In 2017, Congress passed the Tax Cuts and Job Act (TCJA), which introduced sweeping changes to the tax code, including a tax cut called the Qualified Business Income deduction. This bill allowed ...