Currently NJ residents are limited to a deduction on federal income taxes of $10K for what they pay in state income and property tax ...

Victims of natural disasters have been granted new tax deadlines; plus, here's a roundup of changes to the standard deduction ...

Ohio Senate Bill 89 proposes a tax deduction of $1,500 for fitness expenses like gym memberships and personal trainers. The bill aims to address Ohio's high obesity rate, ranked seventh in the US.

These deductions can lower your taxes and are available to taxpayers across various income brackets and situations.

Paytm UPI users can now set up automatic payment deductions directly from their bank account for trades, without having to ...

Tax time is stressful for everyone, but there may be some good news for seniors receiving medical care in their homes, assisted living communities, skilled nursing settings or other senior living ...

What's the difference between standard and itemized deductions? Here's what it could mean for your 2025 tax refund.

I didn't do as much to lower my taxes during 2024 as I would have liked, but it's not too late to find ways to reduce my tax ...

The average US tax refund for the 2024 tax year dropped to £1,725 as of 14th February 2025 from £2,551 on the same day last ...

Generally, a standard deduction is the best choice for taxpayers whose total itemized deductions do not add up to more than ...

This rule lets homeowners deduct the interest they pay on their home loans, lowering their tax liability and reducing the amount they owe to the Internal Revenue Service in a given tax year. If your ...

A tax deduction reduces your taxable income for the year, potentially lowering the amount of taxes you owe. You can claim ...