On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

The home office deduction could provide a tax break on your 2024 return. Here's who qualifies and how to claim it.

A home equity loan has important tax benefits that users should remember this filing season. Here's what to know.

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for ...

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take ...

Now, though, there’s optimism that new legislation will allow the limit to go up. Trump wants the cap lifted, and influential ...

The IRS provides tax credits for a wide range of expenses you pay during the tax year but the rules can be complicated. Find ...

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Under the Tax Cuts and Jobs Act, itemizing homeowners homeowners can deduct mortgage interest on up to $750,000 worth of ...

The leader of the tax policy panel in the New Mexico House of Representatives says he wants to renew a tax deduction for ...

With the Republican party taking control of not just the White House but both chambers of Congress, the Tax Cuts and Jobs Act ...

We found at least 10 tax write offs and breaks that New York residents can use to save money with the IRS. Here's the legal ...