Here’s what to know about tax season and Tax Day, a quick explainer on how tax breaks work and a list of 10 strange, creative IRS-approved tax breaks.

Languages: English. Tax season is well underway and U.S. taxpayers should be aware of various credits and deductibles that can reduce their overall tax bill. More than 40 million returns have ...

The Further Consolidated Appropriations Act of 2020 allowed MIP and PMI tax deductions for 2020 and retroactively for 2018 and 2019. But after that, these insurance payments are not deductible ...

President Donald Trump has proposed ending a tax break used by private equity fund managers known as the carried-interest “loophole,” echoing his earlier calls and efforts by other presidents, ...

President Trump highlighted a tax cut for which many businesses have been clamoring – full and immediate deductions for ...

While campaigning for president, Donald Trump proposed eliminating taxes on overtime pay, tips and Social Security benefits.

Try these tax breaks available to middle-class families ... The law applies between January 1, 2020, and February 2025. Note that the IRS allows disaster deductions “above the line,” meaning ...

Republicans are insisting the costs of the tax breaks be partly paid for by the steep reductions in federal government spending as a way to ensure the nation’s $36 trillion debt load doesn’t ...

If you're suddenly eligible for these credits when the unemployment exemption ... and you're not requesting any other changes to your 2020 tax return. Next year, when you try to e-file your ...

KUALA LUMPUR: The Dewan Rakyat has passed the Finance Bill 2020 that provides several tax breaks to cushion the impact of Covid-19, as provided for under Budget 2021. The Bill, which was tabled by ...