Is rent a tax deduction? In general, taxpayers cannot deduct rent from their federal income taxes. However, some states offer ...

Everyone can take the standard deduction, which would be worth $16,000 for individuals and $32,000 for married couples this ...

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's what you need to know.

The U.S. Senate has passed a new bill that would offer a tax deduction on tips worth up to ... estimate there were approximately 4 million workers in tipped occupations in 2023.

House Republicans are clashing with their own party's leadership in a battle to raise or eliminate the $10,000 cap on the SALT deduction. Here’s what you need to know: What is SALT tax deduction?

The partnerships then claimed a charitable contribution tax deduction based on the inflated value of the conservation easement, resulting in a fake tax deduction flowing to the wealthy clients who ...

Enter the Bonus Tax Relief for America’s Seniors Act, newly proposed bipartisan legislation. If approved, the bill would more than double the additional standard deduction for those over age 65.

AKRON, Ohio — Akron police say a 23-year-old construction worker was killed Thursday after an exterior wall collapsed on him. According to a release, first responders were called to the 300 ...

After all, such costs are not part of business income — except to the extent that the payments for them are income for the underlying workers ... deduction is thus necessary and appropriate in a ...

A construction worker cheated death after a crane toppled over, narrowly missing him, in a terrifying scene in China. Heart-stopping security footage shows the moment the crane, which was working ...

A construction worker fell 40 feet from a US-127 overpass in East Lansing on April 28. The worker was cutting a beam when it broke loose, causing both the worker and the beam to fall onto railroad ...

Sometimes a tax deduction is just plain weird. Here is a roundup of weird and legal tax deductions. Will you be deducting any of these on your next return? Some tax deductions are weird and ...