To help offset the self-employment taxes, there are quite a few self-employment tax deductions you can take to lower your business income.

Oklahoma lawmakers are moving a proposal that could put a little cash back in the pockets of people who rely on health care sharing ministries instead of traditional insurance. The plan would let ...

The Tax Court determined that W-2 wages that are not deductible under Sec. 280E in calculating taxable income are not included when calculating the Sec. 199A qualified business income (QBI) deduction.

In the first State of the Union address of his second term, President Donald Trump proclaimed that "our nation is back, ...

We break down the complex tax rules for capital gains, pass-through entities, foreign investments and real estate to help you file your taxes in 2026.

Many DIY tax software programs offer free tax filing for basic tax situations. But if your income is complex, most will prompt you to upgrade to a paid version.

Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider of health care solutions to office-based dental and medical practitioners, today reported financial results for the fourth quarter ended ...

The IRS published instructions and tips to help qualified tipped workers to apply for the “No Tax on Tips” deduction.

The Schedule 1-A does not differ from the draft version issued last year, but instructions for Form 1040 provide details and examples on the four temporary deductions.

The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and senior citizens for tax year 2025.

Military families may not have any unreimbursed PCS moving expenses, but if you do, you can deduct those expenses on your tax ...

Claiming a tax deduction for mileage can be a good way to reduce how much you owe Uncle Sam, but not everyone is eligible to write off their driving costs. Mileage for ...