"Generally, a standard deduction is the best choice for taxpayers whose total itemized deductions do not add up to more than ...

When you sell your home, you may owe capital gains tax on the profit from the sale. The IRS calculates this by subtracting ...

Before you pack away your 2024 tax return, use it to plan for next year's tax season. Taking time to plan now can save money ...

A bevy of lawmakers, including the powerful vice chair of the U.S. House of Representatives' tax law writing committee, has ...

Tax season can be stressful. It's so nerve-wracking for some taxpayers that it makes 30% of them want to cry, according to a ...

If you missed the April 15 deadline, don't worry. Taking certain steps can get you back on track with the IRS.

If you itemize deductions, you may be eligible to deduct medical expenses that exceed 7.5 percent of your adjusted gross ...