President Donald Trump announced Friday a new policy instituting auto loan interest deductions for American-made cars. “If ...

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 ...

There are some tax advantages that come with homeownership. Here's what to know and when you might want to consult a pro.

President Donald Trump and House Speaker Mike Johnson are working on creating a new tax deduction for interest paid on auto ...

Discover 16 last-minute 1099 tax deductions for independent contractors. From home office to business insurance, these deductions can save you money.

itemizing your deductions could net you a bigger tax break.Some expenses you can deduct by itemizing include: Out-of-pocket ...

A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...

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