Tax deductions can lower the amount of income that is subject to tax. Here's more on how tax deductions work, plus 25 tax breaks that might come in handy.

Tax relief is an avenue to explore if you owe more money in taxes than you can reasonably shoulder. One good way to reduce the likelihood of being strapped with a large tax debt you can’t pay is to ...

Thomas is a native of upstate New York and a graduate of the University at Albany. As a former member of CNET's How To team, he wrote about the intersection of policy, information and technology, and ...

Tax Day for the 2024-2025 tax year is Tuesday, April 15, 2025. The IRS has approved some unusual deductions, including medical expenses for clarinet lessons and a swimming pool. Those who miss the ...

Tax season: Everyone’s favorite time of year has just begun. This year, the Internal Revenue Service opened the tax filing season on Jan. 27. The deadline for filing (without an extension) is April 15 ...

Working from home is much more common than it used to be. According to the Pew Research Center, just over a third of American workers telecommuted for their jobs last year. This is slightly lower than ...

How does the deduction work? Here's what to know about the federal write-off for state and local taxes. A deduction to defray homeowners' state income taxes and local property taxes is getting much ...

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to reporting requirements.

If you are planning to take out an auto loan to purchase a car, you now may get a tax break thanks to President Trump's recently passed tax cut law. One of the many provisions introduced under the ...

President Donald Trump’s signature “one big beautiful bill” promises to let workers keep more of what they earn by making tips and overtime wages – tax-free. In a state like Delaware, where thousands ...