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

There are some tax advantages that come with homeownership. Here's what to know and when you might want to consult a pro.

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

President Donald Trump and House Speaker Mike Johnson are working on creating a new tax deduction for interest paid on auto ...

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 qualify for temporary relief.

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 ...

Is car loan interest tax deductible for you? Discover the rules, who qualifies and how to maximize this potential tax break.