Taxpayers have seen their options for tax deductions whittled down in recent years, as the vast majority of taxpayers opt for the standard deduction — which doubled in 2018 — rather than itemized ...

LOS ANGELES, CALIFORNIA - NOVEMBER 25: New dads Jesse Tyler Ferguson and Justin Mikita kept a Thanksgiving tradition alive by delivering meals to Project Angel Food clients who are battling ...

Americans have a responsibility to pay taxes to the federal government (and sometimes to their state governments, depending on where they live). But not every dollar of income is subject to taxes.

Through the end of this year, you can take a deduction of up to $600 on your 2021 taxes, even if you don’t itemize. By Ann Carrns You still have time to contribute to a charitable cause and get a ...

Before 2020, the IRS had long taken the position that an employee stock ownership plan (ESOP), and any other retirement plan for that matter, must be adopted no later than the end of the first tax ...

Charitable giving during the holiday season this year takes on a new, happier meaning when it comes to tax deductions. Typically, most people aren't able to get a tax break when they donate money to a ...

Editor's note: This article was originally published Dec. 8, 2021. Find more USA TODAY tax season coverage here. Charitable giving during the holiday season this year takes on a new, happier meaning ...

(WXYZ) — Monday, April 18th is "Tax Day." That's just a little over four weeks away. The Child Tax Credit has received a lot of buzz this tax season, but make sure ...

As Congress struggles to pass the Build Back Better bill, some congressional Democrats are exploring new proposals to raise the $10,000 cap on the state and local tax (SALT) deduction. These would ...