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

Proprietors must file Form 1040, which is the standard form for the income tax returns. 3. File Schedule C: Attach Schedule C (Form 1040), which reports business incomes and expenses. 4. File Schedule ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

The post Your Recent Mortgage Statement Holds the Secret to a Big Tax Bonus This Year appeared first on Real Estate News & ...

The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.

Wondering what the different tax credits are and if you're eligible to claim any? Here's our guide to who can benefit from them and how to claim them.

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from your taxable income," says Jordan Leaman, certified financial planner and ...

While much has happened during the past few years, and significant change lies immediately ahead, there is little that is new in the upcoming tax season. However, beneficial ownership reporting and ...

Tax credits for homeowners don't require you ... with all of your additional medical and dental expenses on Line 1 of 1040 Schedule A. Which home expenses can't be deducted from taxes?

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?