President Donald Trump has called for raising taxes on carried interest, a form of income earned by hedge funds and private ...

President Donald Trump wants to make interest payments on car loans tax-deductible if the car is made in America. Does your ...

When you think of your income, a paycheck probably comes to mind. But there are many other types of income that have to be ...

The Tax Policy Center examined which cities and states would be the most affected if Congress eliminates the tax exemption.

Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

The government considers interest on CDs, savings and other deposit accounts as taxable income. That means you must report it ...

Taxes are a part of life for everyone — albeit a pretty unpleasant part. But it’s important to know how the U.S. tax code ...

The interest you pay on your mortgage could help you lower your taxes. With the mortgage interest deduction (MID), you can write off a portion of the interest on your home loan, lowering your ...

Discover top-rated tax relief services to help you resolve tax issues, reduce debt, and avoid penalties. Learn how ...

Many people have heard the old advice not to give an interest-free loan to the government, but getting a tax refund isn't ...

Social Security benefits are handled differently than regular income by the IRS, which can make tax season tricky.

Some might be. In general, most closing costs are not tax-deductible. This is because the IRS regards them as part of the ...