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 general rule is that any ordinary and reasonable expense you pay while conducting a business activity is deductible in ...

Here are 15 big self-employment tax deductions and tax benefits that could slash tax bills for freelancers, contractors and other people who work for themselves.

President Donald Trump's tax and spending bill revives and expands homeowner tax breaks — while making the current mortgage ...

Deduction Versus Amortization of Start-Up Costs: ... Because there was no statutory authorization for that result, those expenditures of Kellett could not be deducted in 2015.

The property tax deduction is great for homeowners. Here's how it works in 2025 and what you can do to save money. ... Your local taxing authority can give you a copy of the tax bill for your home.

Americans face a shortage of affordable homes. The mega tax bill championed by the Trump administration may shape housing affordability for years to come.

Owning a home comes with costs, but it also provides tax benefits that can lower your taxable income. For those filing taxes in 2025, deductions like mortgage interest and home office expenses ...

President Donald Trump and House Speaker Mike Johnson are working on creating a new tax deduction for interest paid on auto loans for cars built in the U.S.