Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances ...

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the previous year.

While personal loans don’t explicitly offer tax benefits, you can claim deductions if the loan is used for home purchase, ...

Disposable personal income (DPI)—personal income less personal current taxes—increased $79.7 billion (0.4 percent) and personal consumption expenditures (PCE) increased $133.6 billion (0.7 percent).

“The Kenya Revenue Authority (KRA) notifies taxpayers of the operation of Legal Notice No.105 of 2024, the Income Tax ...

Her expertise is in personal finance and ... and administrative expenses (SG&As). Factor in depreciation and amortization, and ordinary income or operating income totaled $5.7 billion, the amount ...

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...

Personal expenses are never allowable as rental ... In that case, you’ll report your income on Schedule C instead of Schedule E. For your first three rental properties, enter the income you ...