(a), taxpayers may deduct expenses paid during the tax year for medical care, provided these expenses are not compensated by ...

Starting in 2026, the new deduction will enable the estimated 90% of household using standard deductions to get a deduction ...

A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...

The standard deduction is set to climb again for the 2025 tax year, with married couples filing jointly able to shield ...

Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth ...

Some of these perks don’t apply to investment properties, but that doesn’t necessarily mean you’ll have to pay more taxes for ...

Boosting retirement contributions to plans such as a Simplified Employee Pension (SEP) IRA or a solo 401 (k) is a good ...

Paying for health care can be challenging before and after retirement. One way to save ahead for medical expenses in ...

Year-end planning can significantly boost the benefits of new tax changes, helping taxpayers reduce liabilities and maximize deductions.