Donations to charity can be tax-deductible if you donated to an IRS-recognized charity in 2024 and did not receive anything in return.

The rules are strict around who is eligible to deduct a home office, and calculating the deductions can be complicated.

RMDs begin in the year you turn 73, and the exact amount you're required to withdraw varies depending on your age and account balance. Here's how much your RMD could be if you have $750,000 in ...

If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

For 2024, taxpayers can contribute up to $7,000 to traditional IRAs, with those 50 and older eligible for an additional ...

Preparing your IRS taxes for the first time may seem daunting, but here are some return preparation and filing tips to start.

Discover the basics of how the IRS tax refund works. Learn strategies for maximizing them and tips on how to use them wisely.

Claiming a tax deduction for mileage can be a good way to reduce how much you owe Uncle Sam, but not everyone is eligible to write off their driving costs. In the past, taxpayers had more options ...

Maryland Gov. Wes Moore wants to join nearly a dozen states that have eliminated itemized tax deductions, a move state officials said would alleviate financial uncertainty amid the federal tax rewrite ...

In order to file your taxes, you'll need to gather all tax forms with information documenting your income. You’ll also need ...

Small-business owners and freelancers who work at home can still itemize tax deductions for expenses like rent, mortgage ...