Owning a home comes with costs, but it also provides tax benefits that can lower your taxable income. For those filing taxes ...

In the November election, Florida voters passed Amendment No. 5, which adds an inflation adjustment to the Sunshine State’s ...

But in 2024, we paid a very high amount of mortgage interest, more than we ever have as homeowners. In order to take advantage of the mortgage interest tax break, we have to itemize and file ...

The most common tax breaks are for education expenses, home office tax deductions, self-employment expenses and child and dependent care credits, there are some lesser-known and even weirder tax ...

Tax credits and breaks for volunteer first responders, foster parents, local journalist employers and health care providers are among the Senate additions to this year's tax package. A new 0.28% oil ...

The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a ...

Many members of the U.S. military qualify for special tax breaks that aren’t available to other Americans. Here’s what to know about eligibility.