High-net-worth taxpayers who concentrate their philanthropic donations during this tax year can avoid new deduction floors ...

The higher standard deduction since 2017 has dramatically reduced itemization. But the new law provides incentive for ...

Discover 20 real estate tax deductions agents actually use to lower their taxable income, cut costs and keep more of their ...

Discover four smart strategies to lower your 2025 tax bill under the One Big Beautiful Bill Act (OBBBA). Learn how to ...

As JCPS leaders discuss major cuts in the next budget, a ranked list of which schools could be closed has been delivered to ...

Nontaxable Income includes Gifts, Inheritances, Welfare, Child Support, Qualified Roth withdrawals, and up to $132,900 in ...

Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.

The AICPA asked the IRS and Treasury to provide guidance on the reporting and substantiation requirements for deductions of qualified tips and overtime pay allowed under the sweeping new tax law, ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...

If you live in a community with a homeowners association, you may be wondering if you can deduct those fees from your taxes. The answer is no, the HOA fees of your primary residence are not tax ...

Starting this tax season, workers who customarily receive tips will be able to deduct from their taxed wages up to $25,000 made in tips. This include workers such as barbers, hair stylists, bartenders ...