Borrowers who continued paying their student loans during a difficult repayment year could be entitled to a meaningful tax benefit that lowers their federal taxable income, even as ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

Don’t miss these often overlooked tax deductions and credits when you file your tax return this year.

March 12, 2025 Add as a preferred source on Google Add as a preferred source on Google With the April 15 deadline right around the corner, you want to ensure you're taking advantage of all the ...

In a case of first impression for the Eleventh Circuit, the court affirmed a Tax Court holding that expenses of activities not engaged in for profit, i.e., hobbies, are allowable only as miscellaneous ...

President Donald Trump’s One Big Beautiful Bill Act (OBBBA) raised the state and local tax (SALT) cap deduction to $40,000 from the previous $10,000, as previously reported by GOBankingRates. For ...

A few months ago, in response to a question from a reader, I discussed the deduction of health care premiums. I received many responses, and several readers raised issues related to this deduction.