NEXT explains that if you’re an independent contractor, it’s your job to pay taxes on your own—and you’ll want as many 1099 ...

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, ...

Learn more Tax season is officially here. And if saving money is your biggest priority this year, there are plenty of tax ...

The IRS allows deductions for the cost of a ransomware attack as a business expense, as long as you can provided receipts of the cyber attack.

The 2025 tax season is underway. Claiming the standard deduction instead of your actual deductions is much easier, but it might cost you more.

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Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...

Are you one of the 60 million generous households in America that give to charity each year? If so, you might be missing out on one of the best tax deductions in the tax code. Fortunately, there ...

Tactics the rich use to cut their tax bill are the same as those on an average income - and the reality is there's big opportunities most miss.

Tax terms like "write-off," "deduction," and "credit" often get thrown around during tax season, but many people don’t fully understand the difference. While "write-off" and "deduction" are ...

Have you filed your taxes yet? Wondering what you might be able to write off on your taxes? Before you do, take a look at all the receipts you gathered from 2024. You might be surprised at what ...