Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT. Here's how the SALT ...

One additional deduction not included in the standard or itemized tax deductions is the one for capital losses. These are recorded on Schedule D, along with capital gains, rather than on Schedule A.

The megabill that's bound for the president's desk contains tax breaks that could save some Americans - including tipped workers, employees working overtime, car buyers, seniors and certain homeowners ...

Small businesses have several common tax obligations, including income tax, self-employment tax, payroll taxes and sales tax. The Tax Cuts and Jobs Act (TCJA) introduced key benefits for small ...

Another way to reduce your taxable income is by contributing to a traditional IRA. The maximum contribution is $7,000 in 2025 ...

Yes, it’s entirely possible to make more than $100,000 and pay no federal income tax on it. This little trick is completely legal and — incredibly! — the tax code almost seems to encourage you to use ...

FreeTaxUSA is a solid choice not just for self-employed tax filers but for anyone who wants to file a free federal tax return. But if you want add-on services like Pro Support ($39.99), Audit ...

Living overseas won’t let you off the hook from certain tax obligations, as you’re still required to file a tax return with ...

It extends key provisions from the 2017 Tax Cuts and Jobs Act and adds new breaks like exemptions for tips and overtime pay. But behind the headl ...

If you're self-employed or earn other non-wage income, you may owe estimated taxes every quarter. CNBC Select explains how it works and when payments are due.

SEP IRA. Offering flexibility and higher contribution limits, SEP IRAs allow employers to contribute up to 25% of their self-employed income, up to a maximum of $69,000 for 2024. SIMPLE IRA ...