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IRS mileage rate for business driving increases 2.5 cents to 72.5 cents per mile starting January 1, 2026, while medical and moving rates decrease to 20.5...

Aug 19, 2025 - Starting in tax year 2025, the One Big Beautiful Bill Act (OBBBA) introduces a valuable tax deduction for employees receiving “qualified overtime...

Feb 20, 2026 - The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and increased health care and housing costs.

Learn how to maximize your small business tax deductions with this plain-english guide. Updated in 2018 to cover the new Tax Cuts and Jobs Act.

Feb 24, 2023

Seniors will be able to claim an extra deduction for the 2025 tax year after the enactment of the OBBBA last year, with a $6,000 deduction available based on...

People who commute to work by car, rail or bicycle will get a tax deduction of 2.28 kroner per additional kilometre they travel over 24 kilometres.

Dec 3, 2024 - The home office tax deduction can significantly help you reduce expenses on tax returns. Read the details on how to deduce your taxes.

Jan 10, 2024 - Student loan borrowers can normally deduct up to $2,500 in interest paid from taxable income. But with months of 0% interest, who qualifies?

IRS recently released Notice 2018-76 which essentially restores the business meals tax deduction for small business owners.

Apr 4, 2025 - Learn how to explore tax loopholes with the small business tax deduction cheat sheet. Reduce your taxes and increase revenue. Read details.

Dec 24, 2025 - Millions could be eligible for Trump's "no tax on tips" deduction for the upcoming tax season. But some workers won't benefit from the tax...

The tax deduction you get for contributing to your state's 529 plan can disappear if you move to another state.

The One Big Beautiful Bill Act (OBBBA) set in motion a new tax break that could shift how seniors file their 2025 returns and plan for retirement.

Feb 14, 2026 - Get 2026 Section 179 limits, qualifying equipment & vehicle rules, FAQs, financing basics, and a free calculator to estimate tax savings.

Jan 16, 2026 - usatoday.com - As much as seniors love a new tax break, a risk exists that retirees and others will miss out if they think the new enhanced deduction for...

Who qualifies? How much is it? We answer key questions.

You may have been able to pay investment management fees with pre-tax dollars or take a tax deduction prior to 2017. But not any more.

Oct 9, 2025 - The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2026.

You can deduct your luxury car as a marketing deduction, but you'd better have excellent documentation of the business need and revenue generation.

May 11, 2021 - Making an IRA contribution, if you haven't done so already, could provide some last-minute tax relief.

Jul 31, 2025 - Donating to charity can lower your tax bill. But until a new rule goes into effect in 2026, you must itemize to get the tax benefit, and that doesn't make...

As you consider tax planning, please be aware that you might live in a state that has a pass-through entity tax (PTET), and you should be leveraging it.

Jan 15, 2026 - A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the AARP says.

Tax credits can lower your tax bill, and may be refundable. Tax deductions can lower your taxable income. Learn how tax credits and deductions are different.

Jun 13, 2025 - The sales tax deduction, which is part of the SALT deduction, can help you trim your tax bill, but you must itemize to claim it.

Dec 29, 2025 - Seniors 65+ could get a $6,000 tax deduction under Trump's new bill. Find out if you qualify based on income and how to claim it on your 2025 return.

Sep 10, 2025 - The Treasury released an early list of 68 occupations that could be eligible for the "no tax on tips" deduction. But some jobs won't qualify,...

If you're navigating tax season or planning to buy a home, understanding how this deduction works can help you make smarter financial decisions.

Business assets can qualify for a depreciation deduction subject to certain rules. Depreciation allows you to write off the cost over a period of years.

The cash value of a rental property tax deduction is another concept that many rental property owners miss. Align deductions with high income.

Feb 19, 2026

Learn how to maximize your tax deductions by deducting property repairs, losses, depreciation and other common landlord deductions.

Aug 1, 2025 - Learn the key differences between tax credits and deductions, how each reduces your tax bill, and which option may save you more money on your taxes.