The IRS provides student loan interest deduction that lets borrowers subtract some of the payments from their taxable income.

Understanding what deductions are coming out of your pay is key to knowing where all your money is going. More importantly, ...

There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...

As Treasury Secretary Scott Bessent announced last year, taxpayers will receive “very large refunds,” in his own words, ...

No tax on tips: Workers who receive tips can deduct up to $25,000 of qualified tip income on their federal return. No tax on ...

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

I recently received a question after one of my workshops from a woman who was wondering if she made a mistake paying her mortgage off early because she no longer has the mortgage interest deduction. I ...

There are a number of deductions that will occur from most employee’s compensation. Among these are applicable federal and state income taxes. Social Security deductions are also taken from each ...

The sales tax deduction lets you deduct the state and local sales taxes you've paid during the year, but only if you itemize ...

This provision in last summer’s tax law could actually make budget-balancing a little bit easier for states if they follow ...