A Place for Mom reports some assisted living expenses may be tax-deductible if they exceed 7.5% of AGI, excluding nonmedical costs.

You've probably heard of the student loan interest deduction. But what you may not know is that this is just one of several tax breaks for tuition and student loans that are baked into the U.S. tax ...

It could make a noticeable difference to your tax refund this year.

The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and ...

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

A new 2026 tax law has eliminated several key itemized deductions, including the home office deduction for employees. See what's gone and how it affects you.

You can deduct state and local property taxes from federal income taxes up to a limit. Understand what taxes are eligible and ...

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS guidance can help figure the deductions.

President Donald Trump's "big beautiful bill" added the "no tax on overtime" deduction for 2025 returns. Here's how to claim the tax break.

Commuting expenses refer to the costs incurred by taxpayers for travel to and from work. Learn why these are not tax-deductible and how they differ from business travel.