Small businesses are about to get a permanent half-million-dollar tax break when they buy equipment like cars, computers and machinery. But tax pros say owners should crunch some numbers before ...

Update: On November 9th, the IRS announced the official inflation adjustments for 2024. You can find them here. The U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) ...

Judging by the letters from my readers, many of you need advice on whether to itemize or take the standard deduction on Form 1040. Itemizers get to write off outlays like real estate taxes and ...

The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.

There's good news for tax filers in 2012. The due date for your 2011 Federal income tax returns is Tuesday, April 17, 2012, instead of the usual date of April 15. As you prepare your tax documents, ...

According to the most recent data available from the Internal Revenue Service (IRS), just 12,177,779 taxpayers claimed the charitable donation deduction for the 2018 tax year, totaling $102.7 billion.