"Some states might allow you to take some deductions," said Mark Jaeger, vice president of tax operations at preparer TaxAct. Pennsylvania and New York, for example, allow employees to deduct some ...

If you use a personal card exclusively for business expenses, for example, you can generally still deduct the interest ... she was NerdWallet's authority on taxes and small business.

The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 ...

The Congressional Research Service, a federal agency tasked with legislative research and analysis, published a Monday report declaring President Trump does not have the “authority” to abolish ...

Every year, millions of American taxpayers must choose whether to take the standard deduction the Internal Revenue Service (IRS) offers or to claim itemized deductions to maximize tax savings.

Given the salacious allegations against some of President Donald Trump's cabinet nominations, it is understandable how ...

Each item must serve a business purpose to qualify for deductions. Examples include monthly account service fees and licensing renewals. Record-Keeping And Consulting A Tax Advisor While ...

Banks and EMIs will need to consider the impacts of proposed new requirements to comply with information notices and account direct deduction ...

“The most common mistake that you’ll see is that a taxpayer will go to an accountant or go to do their taxes through a ...

These are some important factors to keep in mind when selling your parents' home, to make the process go smoothly ...