This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

There is an above-the-line deduction available for many individual taxpayers for qualified tuition and related expenses. The deductible expenses are defined in the same manner as they are for the ...

About 144 million Americans may qualify for the 2026 universal charity deduction, while high earners face new IRS limits.

A few months ago, in response to a question from a reader, I discussed the deduction of health care premiums. I received many responses, and several readers raised issues related to this deduction.

Learn about IRS Form 8829, including who qualifies and how to fill out this form to claim a home office deduction. Many, or all, of the products featured on this page are from our advertising partners ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.