A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the ...

The standard deduction nearly doubled as a result of the Tax Cuts and Jobs Act, which went into effect in 2018. For taxes ...

Recent changes in tax law have made it less financially beneficial to donate to charity, putting the donations that ...

Legal betting nationwide for Sunday’s 59th Super Bowl between the Eagles and Chiefs is expected to generate a record-setting ...

"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...

One important consideration: Interest deductions are allowed on up to $750,000 of home loan debt, including first and second mortgages. If you are married and file your taxes separately ...

When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

If you use part of your home exclusively for work and improve that space, you could qualify to deduct those costs on your taxes — and you can do so for the current tax year instead of waiting ...

Jennifer Dunn, tax partner at BDO Canada, recommends Canadians “start early, because rushing will lead to mistakes.” Here’s ...

Tax filing season has begun. The Internal Revenue Service has information for people who are already filing their returns.