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 ...

The post Guide to Tax Deductions for Homeowners in 2025 appeared first on SmartReads by SmartAsset. Owning a home comes with costs, but it also provides tax benefits that can lower your taxable ...

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 ...

Doing taxes isn’t exactly easy, and “tax deduction” brings to mind piles of receipts and complicated calculations, just to save a few bucks. Here’s the good news: You don’t need to ...

As lawmakers debate President Donald Trump’s tax cuts, a key deduction could become a sticking point in 2025 tax negotiations, policy experts say. Enacted via the Tax Cuts and Jobs Act ...

Tax Day for the 2024-2025 tax year is Tuesday, April 15, 2025. The IRS has approved some unusual deductions, including medical expenses for clarinet lessons and a swimming pool. Those who miss the ...

She holds a master’s degree from Arizona State University. damircudic / Getty Images The standard tax deduction is a fixed amount that taxpayers can subtract from their income to lower their ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and write-offs — and how to claim them.

Luiz Alvarez / Getty Images Among tax write-offs, deductions, and credits, you have a few different ways to ease the financial burden of paying your taxes. With these tax advantages, you can lower ...

If you want to claim a tax deduction for business trips, you should be familiar with what is required and explore some of the apps that are available for taking the drudge work out of keeping a ...

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 ...