Commuting expenses refer to the costs incurred by taxpayers for travel to and from work. Learn why these are not tax-deductible and how they differ from business travel.

You can deduct state and local property taxes from federal income taxes up to a limit. Understand what taxes are eligible and ...

See how the SALT deduction can cut your tax bill. Learn which state and local taxes you can deduct, how the SALT cap applies, ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

California avalanche is among the deadliest in US history Sen. Warren tells Fed and Treasury: No bailout for crypto billionaires Something is happening with orcas at sea - The attacks are spreading ...

Low-income seniors have new opportunities to reduce their tax burden this year. A new federal deduction allows qualifying seniors to reduce taxable income by up to $6,000 per taxpayer, with phase-outs ...

A provision of the Trump administration’s “One Big Beautiful Bill” act could lower taxes for some car buyers. The provision, in place for tax years 2025 to 2028, allows some buyers to deduct up to $10 ...

A new tax form, Schedule 1-A, introduces four new deductions for the 2025 tax year. All four write-offs are "below-the-line" deductions, which reduce taxable income but not adjusted gross income. Each ...

If you're one of the millions of Americans who purchased a new car last year, you could benefit from a new tax break that allows taxpayers to deduct interest paid on their auto loans. The car loan tax ...

Tax season 2026 is here, and the savvy tax filer can take advantage of increases made to the SALT deduction this year. According to Thomson Reuters, the SALT deduction will bring particular relief to ...