As Treasury Secretary Scott Bessent announced last year, taxpayers will receive “very large refunds,” in his own words, ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

Learn how to deduct casualty and theft losses on your taxes effectively. Understand eligibility, criteria, and the filing ...

Explore how tax relief programs can help you lower your tax bill and settle debts. Learn about deductions, credits, and ...

Many tax deductions, such as charitable donations and business supplies, are well known, but some are more obscure. With tax season upon us, here’s a look at how tax deductions work and three ...

Two types of tax breaks stand out among all the lingo: credits and deductions. Each lowers your tax liability, which is the total annual tax owed on your income. (That figure can be found on line 24 ...

It's tax season, and Americans are confronted by a lot of tax jargon when preparing their returns. Stream NBC 5 for free, 24/7, wherever you are. Two types of tax breaks stand out among all the lingo: ...

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

The new year has just begun and income tax deadlines are months away, but there's one thing to start considering now. Many ...

Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...

Taruna Kanani, the President and Founder of KB Tax Deviser CPAs specializes in creating customized tax strategies for small business owners. Even in a new year, understanding six powerful business tax ...