Latest
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Is the IRS Coming for Your Gambling Winnings?
Tax Tips The latest tax audit on unreported income points to high-income, high-wealth gamblers. Could
Tax Tips -
How Tax Laws and IRS Can Help If You're a Victim of Helene, Milton or Other Federally Declared Disasters
Kiplinger Tax Letter Did you know that some losses — attributable to federally declared disasters — can be deducted, in addition to the tax filing and payment extensions?
Kiplinger Tax Letter -
What Would Kamala Harris's Tax Plans Mean For You?
The Tax Letter Under Harris's tax proposals, upper-income individuals would pay more taxes, while the middle class and lower-income people would pay less.
The Tax Letter -
SALT Deduction: Three Things to Know
Tax Deductions Changes to the state and local tax deduction and the looming TCJA expiration have brought this tax break into the spotlight.
Tax Deductions -
Understand These Hobby Loss Rules to Reduce IRS Audit Risks
The Tax Letter The IRS will scrutinize tax returns reporting large losses from any activity that sounds like a hobby. Here is what you need to know.
The Tax Letter -
Ten Tax Breaks for Homeowners and Homebuyers
Homeownership Owning (or buying) a home is expensive. But there are some tax breaks for homeowners that can help you recoup some of those costs.
Homeownership -
Deduct Expenses for Long-Term Care on Your Tax Return
Long-Term Care The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.
Long-Term Care -
Educator Expense Deduction for 2024
Tax Breakts Some educators can deduct out-of-pocket expenses for classroom supplies when they file their federal returns.
Tax Breakts -
A Bunch of IRS Tax Deductions and Credits You Need to Know
Tax Breaks Lowering your taxable income is the key to paying less to the IRS. Several federal tax credits and deductions can help.
Tax Breaks
