Reinstated mortgage insurance premium deductibility and a higher cap on state and local tax deductions could change whether ...

From increased deductions on mortgage interest to more incentives for low-income housing construction, the 'Big Beautiful ...

A tax deduction reduces your taxable income for the year, potentially lowering the amount of taxes you owe. You can claim ...

Nestled within the One Big Beautiful Bill (OBBB) — a more than 1,100 page piece of legislation which critics say bloats federal deficits, guts Medicaid and ...

5 tax deductions for people who don’t itemize These deductions, found on Schedule 1 of IRS Form 1040, reduce your adjusted ...

Republicans and Democrats have been arguing for months about the pros and cons of President Donald Trump’s One Big Beautiful ...

From bonus depreciation and R&E expensing to the higher standard deduction, the Trump tax bill covers a lot of ground.

In most cases, personal loan interest is not tax deductible. This is because you can't deduct personal expenses on your income taxes, Babener says.

Maryland’s Fiscal Year 2026 budget came with a message: everyone’s going to feel it. Whether you’re a high earner, small ...

As an employer, understanding the nuances of IRS deductions related to your employees' property expenses can significantly ...