The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

Q: With all the publicity about tax reform under the One Big Beautiful Bill Act, I am wondering if you have seen anything new about the tax deductibility of travel expenses. Even if you haven't, can ...

The IRS has given at least one tiny glimmer of hope for your finances amid a backdrop of economic uncertainty: You can now increase your tax write-off for fuel costs. On Dec. 14, 2023, the agency ...

What Does Tax-Deductible Mean? The U.S. tax system can be a bit convoluted, and if you’re trying to learn every single aspect about filing taxes, you’ll find yourself deep in a rabbit hole. The good ...

The IRS allows you to take a charitable deduction on your tax return for qualified donations of cash or property if you itemize your deductions, but the rules can be confusing. For example, how much ...

It’s nearly the end of the year, the traditional time for giving but before opening your wallet, you should know how tax rules are changing so you can maximize your gifts. Itemizers should hit fast ...

President Donald Trump’s One Big Beautiful Bill Act, which was recently signed into law, offers Americans a number of tax benefits. It makes many of the changes from the Tax Cuts and Jobs Act (TCJA) ...

Today's job market offers a range of employment options, many of which make it possible to earn income from home. However, working from home doesn't automatically qualify you for the home office tax ...

S-corporation owners may deduct home-office costs by reimbursing through the company. To benefit, expenses must be documented and done under fringe-benefit rules. Deductions are limited by the S ...