Find out what qualifies for this bonus deduction.

When filing your taxes, there are ways to minimize your taxable income — commonly known as a tax write-off. While many people have heard of tax write-offs, they may not ...

It is possible to legally trim your tax bill even when you have $0 in receipts on hand. Several major deductions and credits ...

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

North Carolina state Rep. Keith Kidwell is a strong opponent of gambling, but he spoke in a legislative committee Tuesday pushing for a bill that would help gamblers avoid the big tax hits that some ...

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The One Big Beautiful Bill Act, passed by Congress on July 4, 2025, is a sweeping overhaul of the U.S. tax code. It includes well-publicized tax credits and deductions for seniors as well as for ...

When it comes to taxes, high-net-worth individuals and business owners have access to some creative ways to legally deduct luxury expenses. But taxpayers shouldn’t try to write off that trip to Mexico ...