Interest paid on outstanding student loan debt, mortgage and home equity loan debt, business expenses, and interest on money ...

you could still put in for a tax deduction if you use a credit card to pay for business expenses. If you run a freelance business or are a gig worker — maybe driving for Lyft or Uber or ...

If you’re looking to support an adult child with student loan debt, you may be wondering whether there's a tax benefit for doing so — especially if you're in a strong financial position. That's ...

The car insurance premiums for your personal vehicle are only tax deductible if you drive it for business purposes. Some common examples include: Working for Uber, Lyft or another rideshare or ...

In our new Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on reporting income and tax deductions on 2024 tax returns.

You can gift up to $19,000 a year to your child without triggering gift taxes, but it won't give you a tax deduction. If you're in a strong financial position, helping your child with student loans ...

Fortunately, there are certain situations where pet-related expenses may earn you a tax deduction. Understanding when and how to take these deductions can make a significant difference in managing ...