To bring you up to speed on how this new tax break works, here are 10 things you need to know about the Senior Deduction.

Filing taxes can feel overwhelming, but one of the most important decisions you’ll make is also one of the simplest: whether to take the standard deduction. For single filers, this deduction offers a ...

The IRS adjusts the standard deduction each year to account for inflation Written By Written by Contributor, Buy Side E. Napoletano is a contributor to Buy Side and an expert on student loans, taxes ...

Two types of tax breaks stand out among all the lingo: credits and deductions. Each lowers your tax liability, which is the total annual tax owed on your income. (That figure can be found on line 24 ...

Many taxpayers do not see the full benefit of new tax deductions for seniors, tips, overtime, and car loan interest due to ...

If you have a mortgage, you may qualify for a valuable tax write-off Written By Written by Contributor, Buy Side Aly J. Yale is a contributor at Buy Side and an expert on real estate, mortgages, ...

The IRS Large Business and International Division released an updated 53-page practice unit in June on the Section 179D energy-efficient commercial buildings deduction. The purpose of this practice ...

It's tax season, and Americans are confronted by a lot of tax jargon when preparing their returns. Stream NBC 5 for free, 24/7, wherever you are. Two types of tax breaks stand out among all the lingo: ...