If you borrow money to buy investment assets, the IRS will sometimes allow you to deduct the loan's interest from the taxable ...

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

Andy is a Miami native journalist and translator who is always on top of what sporting activity is taking place across the globe, and he aims to ensure all relevant information is shared with fans.

Learn how to deduct casualty and theft losses on your taxes effectively. Understand eligibility, criteria, and the filing ...

Tax deductions reduce your total taxable income, also called your adjusted gross income. The Internal Revenue Service offers both personal and business deductions, but business deductions must be ...

There is an above-the-line deduction available for many individual taxpayers for qualified tuition and related expenses. The deductible expenses are defined in the same manner as they are for the ...

If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

You may be able to take a tax deduction for business use of your home. The deduction is available not only for an office but for other business uses as well, such as a workshop or studio at home.