In this week's Ask the Editor Q&A, Joy Taylor answers questions on itemized deductions claimed on Schedule A of Form 1040 ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

Starting in 2026, the new deduction will enable the estimated 90% of household using standard deductions to get a deduction ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

Discover when dental insurance premiums are tax-deductible and understand exclusions. Learn about coverage types and how cosmetic procedures impact deductions.

These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong ...

Plus: Claiming pets–and people–as dependents, Health Savings Accounts, charitable giving and tax deductions, tax filing ...

For seniors, every penny saved counts, and you may rightly wonder whether your Medicare premiums are tax deductible. Here's what you'll be able to deduct.

The amount paid in points is deductible by the buyer and not the seller. Instead, the seller reduces their profit from the ...