If you own a valuable piece of art or other property, you may wonder how much of a tax deduction you could get by donating it to charity....

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are...

A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it...

If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications....

More than 43 million student borrowers are in debt with an average of $39,351 each, according to the research group EducationData.org. If...

Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind...

Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June...

Do you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses, and...

Are you age 65 and older and have basic Medicare insurance? You may need to pay additional premiums to get the level of coverage you...

Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to...