Sometimes the line between a business and a personal expense is blurred. This article explores six common nondeductible ...

In this pivotal moment, it is increasingly evident that responsibility for resolving the ongoing uncertainties surrounding ...

Learn about our editorial policies You must strategically deduct losses in the most tax-efficient way possible to get the maximum tax benefit in years that are characterized by significant stock ...

The Federal Government has directed Deposit Money Banks to immediately begin the deduction of 0.375 per cent stamp duty ...

Try H&R Block, one of our recommended platforms. If you elect to itemize, you can deduct a variety of common expenses. To claim these deductions, you must complete the IRS Schedule A and file it ...

And if you are pitched Section 181 as a leveraged tax shelter (“You can deduct four times your investment!!”), run – it is ...

If, however, either you or your spouse are active participants in another plan, your eligibility to deduct your contribution is determined by your tax filing status and the modified adjusted gross ...

If you paid more than 7.5% of your adjusted gross income for out-of-pocket medical expenses, you might be able to deduct the ...

So, how much student loan interest — if any — can you deduct this year? Here’s what you need to know. Profit and prosper with the best of expert advice on investing, taxes, retirement ...

A viral Instagram post claims there are tax deductions for pet owners, but there are strict requirements to get them.

To claim a tax-deductible donation, you must itemize on your taxes. The amount of charitable donations you can deduct may range from 20% to 60% of your AGI. A charitable donation is a gift of ...

If there is a term in your employment agreement which requires them to make these deductions and thus contributions for you, ...