Soon everyone in Australia will be on the lookout for the same thing: deductions. The more you can deduct, the less you pay ...

Wealthy heirs, owners of multimillion-dollar partnerships, and private equity investors would be among the big winners from the expanded tax breaks for wealthy households in the House Republican ...

If taxpayers actually end up seeing a new, proposed tax break on the interest borrowers pay on car loans, at least some can claim it all started in the Motor City. President Donald Trump, who was ...

Below is a chart listing the standard deduction limits for this and the next tax year(s). The limits are arranged by the filing statuses introduced above. In addition, there is another standard ...

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

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 ...

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 ...

A House panel has passed a bill that would temporarily expand the standard tax deduction used by the majority of taxpayers by $2,000 per person for the next two years. The Tax Cuts for Working ...

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 ...

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

Rep. Bill Huizenga introduced the Made in America Motors Act, proposing a tax deduction on interest paid on U.S.-assembled vehicle loans. The proposed deduction allows up to $2,500 per year for ...

Americans with bigger incomes get larger income tax deductions on every dollar they donate to charity. If the famous and fabulous people who glided up the Met’s blue-carpeted steps at the ...