It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used ...

For more information, see IRS Publication 503, Child and Dependent Care Expenses. Tax Credit for College ... If you qualify, you can either deduct a portion of your rent or mortgage interest ...

Taxes are no doubt confusing, but this handy guide can help you finish your tax return and get your refund from the IRS.

You don't buy a house for the tax deductions. It's just a nice side benefit. And usually very much appreciated, considering all the extra expenses ... as an occasional rental, or a home office.

Changes to the income tax rules now deny income tax deductions related to non-compliant short-term rentals after 2023. If you rented out a residential property for short periods, these changes may ...

they can take tax deductions for a portion of their rent, utilities and more. Not so fast. Not everyone qualifies to do that.

You can significantly reduce your taxable income and improve your financial health by leveraging commonly overlooked deductions. Below, let’s explore critical small business tax deductions ...

Many Americans may think that because they work from home, they can take tax ... expenses,” Tippie said. You can also claim deductions for a portion of other expenses such as rent or property ...

Notably, a tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income. This, in turn, reduces the amount ...