Homeowners Association (HOA) fees can be an essential part of living in a managed community, but they also represent an ...

WASHINGTON — President Trump on Friday signed his landmark tax bill, setting in motion transformational health care ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

Congress has signed off on a $3.4 trillion legislative package featuring new tax breaks, spending cuts, and more funding for ...

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's what you need to know.

In these cases, expenses related to the pet's care and maintenance may qualify for deductions. Tax deductions are not available for expenses related to pets that are simply for companionship.

"The downside is that your expenses have to exceed 7.5% of your income and need to be higher than your standard deduction (which is $15,000 in 2025 and $30,000 if you are married filing jointly).

As the deadline for U.S. citizens to file their 2024 tax returns loomed in late March 2025, claims pertaining to purported tax deductions for pet owners circulated on social media.

“His introduction of the Health Care Sharing Ministry Tax Parity Act has the potential to be a game changer for families who have chosen to escape the troubled landscape of traditional health ...

“You can claim expenses for a nursing home – a facility that gives full-time care to individuals who are unable to take care of themselves – but not a retirement home,” she says.

In fact, there’s only one line on your Schedule A for medical and dental expense totals. You add that number to your other itemized deductions and report it on one line on Form 1040.