The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...

The Senate advanced Trump’s priorities, which Republicans have been calling the One Big Beautiful Bill. Here’s how it could ...

Senate Republicans’ tax bill raises the "SALT" deduction cap to $40,000. Here's who could benefit from the change.

You can deduct the money you paid to cover your loved one’s unreimbursed medical and dental costs if the qualified medical expenses of everyone claimed on your taxes total more than 7.5 percent of ...

Tax deductions are subtracted from your taxable income, thereby lowering the amount of tax you owe. You can choose the standard deduction or itemize your deductions on Schedule A of Form 1040 or ...

Tax season can feel overwhelming, but it’s also a golden opportunity to keep more of your hard-earned money. Every year, ...

Yes, dental expenses are tax deductible — but only the portion of your combined medical and dental expenses that exceeds 7.5% of your AGI. You also have to itemize your deductions using Schedule ...