Current reports five steps to simplify tax filing: set aside money for taxes, understand paperwork, organize documents, ...

Are IRA contributions tax-deductible? They might be, but eligibility depends on income, filing status and participation in a ...

The 2026 tax season presents new opportunities to increase your refund with strategic use of deductions. The IRS has ...

You may be able to deduct your IRA contributions if you have a traditional IRA, but Roth IRA contributions aren’t tax-deductible. Learn about the IRS rules.

A new federal tax deduction for Americans 65 and older might make a difference that actually matters. Here's what we know.

While many people have reduced income during their retirement years, that doesn’t mean that the IRS doesn’t want their share. Retirees must pay taxes on Social Security benefits, pension income, IRAs, ...

If you’re looking to lighten your tax bill this year, here’s what you should know about tax credits and deductions you can make when filing your 2023 return. The IRS began accepting returns on Monday.

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

A non-deductible individual retirement account (IRA) is a type of retirement plan funded with after-tax dollars that allows for retirement contributions to grow tax free. Many people turn to these ...