Tax credits are generally more valuable than tax deductions. There are many types of each: nonrefundable, partially refundable and fully refundable tax credits, and standard vs. itemized deductions, ...

Discover how same-year tax deductions apply to capital expenditures, with insights into Section 179 deductions and the difference between CapEx and OpEx for tax purposes.

Financial advisor fees are not tax-deductible now, but there are still tax benefits from working with an advisor.

From the $20,000 529 plan expansion to the return of the student loan "tax bomb," the new Trump tax bill has overhauled how ...

The White House has reported that, on average, Americans will receive about $1,300 more in their pocket through the deduction.

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

A guide to the new 'Bonus Deduction' from the OBBB. Learn who qualifies for the up to $6,000 (single) or $12,000 (married) ...

Seniors 65 and older can claim a new federal tax deduction up to $6,000 for 2025, but it's not automatic. Learn how to get ...

Let’s face it — tax season can be stressful. This is especially true for self-employed individuals and small business owners searching out every self-employed tax deduction and navigating other small ...

Four main tax breaks were created with the passage of President Donald Trump's sweeping budget bill, from "no taxes on tips or overtime" to a deduction for filers 65 and older.