Learn who qualifies for home office tax deductions, how to calculate them, and other business write-offs like car mileage and supplies.

The 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of ...

You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

For members of the National Guard or military reservists, you can deduct partial travel expenses for attending meetings or drills more than 100 miles from home, even if you don’t itemize. You can ...

New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.

Taxes usually feel straightforward until real life complicates them. Beyond the familiar deductions, the IRS has approved a ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...

Your tax return could look pretty different this year.

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

JACKSONVILLE, FLORIDA / ACCESS Newswire / February 10, 2026 / The 2026 tax filing season began Monday, January 26, and ...

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax. Don’t panic just yet.