While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level. States would be smart to stick with the current cap or, better yet, go ...

This office also provides a meals and incidental expenses deduction chart. Business meals are generally limited to 50 percent of the un-reimbursed cost and are listed on the Schedule C at tax time.

If you work from home and dedicate part of the house exclusively to business, you can claim a tax deduction. The write-off is also available for the business use of a detached garage, storage shed ...

House Speaker Mike Johnson offered GOP holdouts a detailed proposal on Monday to set the SALT deduction cap at $40,000 for ...

Anyone covered by a workplace plan may still be able to take a full or partial deduction, as shown in the chart. The chart ...

The standard deduction is a popular way for taxpayers to reduce their taxable income. Your deduction amount depends on your age, filing status and other factors. Many, or all, of the products ...

It's called the extra standard deduction, exclusively for people who are 65 years and older by the end of the tax year. Everyone knows about the standard deduction, which is a flat dollar amount ...