mortgage interest, business expenses and charitable donations. Income, sales, real estate and personal property taxes: We'll also take the state and local tax deduction, which allows us to deduct ...

NEXT explains that if you’re an independent contractor, it’s your job to pay taxes on your own—and you’ll want as many 1099 ...

Choosing whether to recast depends on how large of a payment you can make and whether you want a lower monthly payment or an ...

With tax season here, understanding whether to itemize deductions or take the standard deduction can help you maximize ...

The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a ...

While an extension avoids late filing penalties and provides extra time for filing, an extension of time to file is not an ...