Older taxpayers now have access to some of the most generous standard deduction rules on record, and the stakes are high for ...

Social media posts claim President Donald Trump just signed a bill that would allow for home gyms to be tax deductible. They are false.

The Internal Revenue Service announced the new standard mileage rate for 2026. These rates apply to 2026 tax returns that ...

Social Security represents a major source of monthly income for many citizens, especially retirees. The "new" deduction will ...

The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful Bill Act, taxpayers 65 and older can claim an additional $6,000 without itemizing their ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to bigger tax refunds. That’s if they play their cards right on the SALT ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

Social media posts claim President Donald Trump just signed a bill that would allow for home gyms to be tax deductible. They ...