Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn’t ...

The Senate’s version of the “big, beautiful bill,” passed on Tuesday, includes a $6,000 tax deduction for Americans 65 or ...

The provision emerged from President Donald Trump’s campaign pledge to end taxes on Social Security. But experts say many are ...

A personal injury firm was entitled to deduct 50% from its client’s damages through its success fee and after-the-event ...

Tax deductions for interest paid on loans play a significant role in personal tax planning, offering relief by reducing ...

The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...

Among the parts of the legislation that have remained from the House version through the Senate vote-a-rama is a Trump campaign promise: no tax on overtime pay. While the move wouldn’t immediately ...

Senate make a 180-turn, raising the SALT cap and reviving a loophole that allow rich Americans in high-tax states save money, experts say.

Senate Republicans’ tax bill raises the "SALT" deduction cap to $40,000. Here's who could benefit from the change.

The Senate bill’s proposed $6,000 senior tax deduction tops the House’s $4,000 proposal.

The ATO has revealed the tax deductions that Aussies have claimed on their tax returns. (Source: Getty/ATO) The Australian ...

Even while most focus only on standard deductions, there are several hidden credits and deductions that can significantly ...