This tax season, my household is claiming the mortgage tax deduction. Last year, we paid a lot in mortgage interest -- more ...

A recent post in the Chubby FIRE Reddit community lays out how you can minimize or eliminate your federal income taxes during ...

The IRS has announced inflation adjustments for 2025, bringing positive changes to tax credits and deductions. These ...

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

With tax season here, understanding whether to itemize deductions or take the standard deduction can help you maximize ...

Members of the Trump Administration and Congress have recently discussed the idea of waiving all taxes for those making less than $150,000 per year, possibly after the budget is brought into balance.

The Inflation Adjustments announced by the IRS affect some amounts in credits and deductions for 2025, for the better, as tax ...

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 ...

One of the biggest advantages of filing as head of household is the higher standard deduction. For the 2024 tax year, heads ...

Many Americans are seeing bigger tax refunds this year. There are a couple of reasons for that. Here's what to know.

Perhaps the most significant tax legislation in our state was passed last year, when we enacted significant increases in our standard deduction amounts and a considerable broadening of our rate ...