The corporate deduction on Form 1120S is not subject to any of these limitations.

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 ...

(The Center Square) – As Congress weighs the “big, beautiful bill,” a proposed hike to the state and local tax deduction cap is drawing fire for favoring taxpayers in high-tax states, like ...

How to get a tax deduction for charitable donations When (and how) you can deduct your contribution from your taxes.

Premiums for health insurance are tax deductible, as these are classified as medical expenses by the IRS. Deductions are filed by either selecting the standard deduction or itemizing.

As with tips and overtime, the IRS will provide transition relief for tax year 2025 for interest recipients—this means more ...