The standard deduction nearly doubled as a result of the Tax Cuts and Jobs Act, which went into effect in 2018. For taxes ...

Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with ...

The U.S. tax code may be notoriously complex, but understanding some basic terms can help you breeze through your tax return ...

A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

Recent changes have reshaped how this tax deduction works. So, we asked tax and financial experts to answer common questions ...

As the IRS opens its doors for tax submissions on January 27, 2025, taxpayers have until April 15 to file their returns. Proper preparation is key to avoiding errors and penalties. Here's how to ...

As the tax deadline looms many folks are beginning to take a closer look at their situation regarding their taxes and ...

There are several tax deductions for homeowners, from interest paid on your mortgage to specific home improvements. Find out ...

Key Takeaways - Is Interest on Personal Loans Tax Deductible? You can use a personal loan for a variety of useful purposes, ...

Navigating the complexities of tax season can be daunting, especially when deciding between a tax deduction or a tax credit.

Oregonians have more options for free online tax prep for the 2025 filing season. Some may qualify for the IRS Free File ...

The 2025 tax filing season is underway, and there are several tax benefits that can help homeowners save money this year.