Due to fixed returns and low risk, even today many investors prefer fixed deposits (FDs) despite many investment options.

The Federal Reserve isn't in a rush to cut interest rates, which means you could be on the hook for more taxes next year on ...

From summer camps to smart home devices, here are four categories of expenses to consider adding to your list.

Both presidential candidates have touted no-tax-on-tips pledges, but experts say it’s bad policy. Many, or all, of the products featured on this page are from our advertising partners who ...

KEY TAKEAWAYS The Federal Reserve kept interest rates higher than usual in 2024, making savings accounts more profitable and, ...

Remember, though, that if the money you receive from an inheritance subsequently generates income, such as the interest ... you cannot deduct the payments from your income tax.

Unlike Roth IRAs, there are no income limits on Roth 401 (k)s. You can contribute to the account no matter how much you earn.

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

The Trump administration’s order to drop the charges against Mayor Eric Adams was the most pronounced example of the ...

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Under the Tax Cuts and Jobs Act, itemizing homeowners homeowners can deduct mortgage interest on up to $750,000 worth of ...