If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income.

Your aging-in-place plan could benefit from the medical expense tax deduction. But watch out for capital gains and property ...

Vijay and Prakash discuss the difference between co-pay and deductible in health insurance, opting for the deductible for ...

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

The amount you can deduct depends on whether the project impacts the entire home or just the office. Home office improvements, however, are not tax deductible as they are classified similarly to ...