Most of the time, you'll probably find that any given tax credit is "nonrefundable," meaning that it can only decrease your ...

"Interest on home equity loans and lines of credit are deductible only if the borrowed funds are used to buy, build, or ...

One of the best things about being self-employed is that you are entitled to a whole host of boss-less independence, flexible ...

CNET's Best Tax Software for 2025. Learn about all the potential tax credits this year to maximize your tax refund. For more ...

Tax season is almost over, but millions of taxpayers are still preparing their returns and looking for deductions. The vast majority of tax breaks must have been from actions you took by Dec. 31 ...

Ask a Tax Pro gives you unlimited one-on-one guidance from a certified expert who can walk you through even the trickiest deductions. And if the IRS comes knocking, IRS Audit Assistance has your ...

Fortunately, some of these costs are tax deductible. You'll need to itemize your deductions to benefit from these tax breaks, so it's important to calculate whether you can write off enough to ...

which he noted he was "proud of," could "pay for itself" and represent a shift in how tax deductions are applied to middle-income Americans. "This is something that has never been done before in ...

Getty Images To claim a tax deduction, a person must donate money to a fund or institution that meets the specified conditions. All taxpayers, whether resident or non-resident, who have donated money ...

Your income and how you get your insurance helps determine whether the costs can be tax deductions. Generally, you can deduct health insurance rates on your taxes if you itemize your deductions, you ...

Your income may also come from your parents. There are many tax deductions and tax credits available for students. What you’re eligible for depends on if you’re a part-time or full-time student. A tax ...