About 144 million Americans may qualify for the 2026 universal charity deduction, while high earners face new IRS limits.

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

Although paying taxes is a fact of life, the IRS offers taxpayers the ability to reduce what they owe via various tax credits ...

Discover what medical expenses are deductible, including examples like insurance premiums and prescriptions, and learn how ...

Americans who are 65 and older got a hefty new tax break under the massive tax bill that President Donald Trump signed into law on July 4: A new bonus deduction that’s worth as much as $6,000 per ...

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

The tax-and-spending bill includes several provisions that could have significant effects on your tax refunds come April – ...

Understanding your 1040 is the best way to legally minimize your taxes. Top tax professionals will tell you that effective tax planning needs to be proactive, not reactive. The best tax planning needs ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 federal income tax returns.