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

Discover top tax deductions for self-employed individuals, including home office, travel, and equipment. Maximize your ...

Source: The College Investor Trying to figure out how to maximize your tax refund? Understanding tax credits and tax ...

Gifts to qualifying charitable organizations are eligible for a tax deduction. However, the IRS has many rules about what ...

Calculating the precise amount you owe to the IRS takes some time. How much varies depending on where you live and work. Here ...

The current limits for a deduction tied to state and local duties and the debate on the extension of the TCJA provides a lens ...

Since the 2017 tax reform, fewer donors are getting deductions for their giving. But with some planning, you may still be ...

DRD allows up to 100% tax deduction on dividends from related ... its importance, and some examples. Image source: Getty Images. The dividends received deduction (DRD) allows corporations to ...

For example, say you donate an old minivan with a FMV of $3,000 to Habitat for Humanity, which sells it at an auction for $1,500. Your tax deduction is limited to $1,500. Your deduction may not be ...

While the deadline for contributing to some retirement accounts to gain the tax benefit is Dec. 31, you have a few extra ...