For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state ...

Most taxpayers depend on the same basic data to file returns. If you have a job, your employer must provide both you and the ...

While the principal amount of a personal loan is not taxable, borrowers can claim tax deductions on interest payments—provided the loan is used for specific purposes. Eligibility for tax ...

Fox News Digital spoke with Bankrate tax analyst Kemberley Washington to get some last-minute filing tips to keep in mind as ...

The logbook method is more onerous but allows you claim more kilometres and can therefore potentially give you a bigger deduction. But if you want to ... tyres and repairs. Tax Invest Accounting ...

Mortgage interest deduction is a huge tax break Mortgage interest -- or the amount of interest you pay on your home loan yearly -- is one of the most common tax deductions for homeowners.

whereas tax programs require you to complete a questionnaire. “It can sometimes be a bit painful or feel like pulling teeth, but if you go through that list, you can at least identify all the ...

Brits living with a range of health conditions could be exempt from paying a certain monthly bill. The Government has advised that people with severe mental impairment do not need to pay council tax.

Here are four common tax perks to help you lower the amount you may owe to the IRS. Once you turn 65, the IRS offers an extra standard deduction. This is an amount set by the IRS that will reduce ...