The general rule is that any ordinary and reasonable expense you pay while conducting a business activity is deductible in ...
To counter the high costs of raising children, Congress has sprinkled various breaks for parents throughout the tax code. But ...
Tax time -- the annual event where forms, numbers and deductions pile up, and the hope is always to avoid an unpleasant ...
Fortunately, there are plenty of legal ways to lower the amount you pay the taxman each year. These include credits, deductions and advanced investment strategies. Some tax savings are available only ...
Tax refunds in 2025 are currently running 32% lower than they were a year ago. That gap is expected to close in the coming ...
Several trusted Illinois programs offer free income tax preparation for low-to-moderate income families and older adults who may need assistance in filing their 2024 income taxes.        The Internal ...
As tax season approaches, millions of Americans are preparing to file their returns. Among the many credits available, the ...
Most W2 forms have been sent out from employers ahead of the tax season filing date. The deadline to file your 2024 return is ...
The Internal Revenue Service fired several employees in its Syracuse office this month. But it is business as usual for ...
Tax-loss harvesting reduces taxable income by selling securities at a loss to offset capital gains. Learn how it works ...
It’s called the Earned Income Tax Credit. According to the IRS, one in five eligible taxpayers in North Carolina do not claim ...
Last year, the IRS adjusted its tax brackets to avoid so-called "bracket creep." Bracket creep is described as when inflation ...