It was indeed possible to claim tax deductions in certain scenarios, such as medical costs for licensed service animals, performance animals, donations to qualifying nonprofits that support animal ...

Everyone's always trying to pay less tax, hunting for as many tax deductions as possible to cut their tax bill. Over the years, the IRS has allowed some unusual tax deductions, but the ...

Thomas is a native of upstate New York and a graduate of the University at Albany. As a member of CNET's How To team, he writes about the intersection of policy, information and technology, and ...

Tax deductions reduce your taxable income, while tax credits directly lower your tax bill dollar for dollar. Refundable credits can result in a refund if they exceed your tax bill, while ...

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 ...

Prior to 2018, investors could deduct some or all of their investment advisory fees on their federal tax returns. The Tax Cuts and Jobs Act of 2017, effective for tax years 2018 to 2025 ...

Source: TikTok/Getty The Australian Taxation Office (ATO) has revealed the new way it is catching out small businesses doing “cash jobs” and making dodgy tax deductions. Australia’s more than two ...

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 ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business ...

We've rated and reviewed four top tax software providers — TurboTax, H&R Block, TaxSlayer, and TaxAct — comparing features, pricing and ease of use to help you find the best filing program for ...

A New York state senator has filed a bill to allow public television and radio stations to claim an existing tax credit for newspapers and broadcasters. Democratic Sen. Brad Hoylman-Sigal sponsored ...