Claiming a tax deduction for mileage can be a good way to reduce how much you owe Uncle Sam, but not everyone is eligible to write off their driving costs. In the past, taxpayers had more options ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

Tax credits for homeowners don't require you to itemize. They directly reduce the amount of taxes you owe, and you can ...

Owner-operators' standard per-diem deduction got a boost for the 2025 tax year, while options for depreciating equipment have ...

transit passes and parking (which may be tax-free up to monthly IRS limits). Taxable benefits such as carpooling perks, ride-share service allowances, toll or gas card reimbursements, or a vehicle ...

Nigeria’s Healthcare has witnessed an unprecedented crisis. This is evidenced by the distortions of COVID, skyrocketing ...

With the new tax regime becoming increasingly prevalent and more common, taxpayers stand to lose their eligibility to claim most of the exemption and deductions offered under various provisions ...

EAU CLAIRE, Wis. (WEAU) - As freezing temperatures are predicted to continue, you may want to make sure your car is in top shape before hitting the road. Automotive officials advise that when you ...

People could increase their Personal Tax Allowance to £13,830 by utilising a benefit offered by HMRC, according to a personal finance expert. Martin Lewis has highlighted that while the standard ...

Last year my wife transferred 10 per cent of her personal tax allowance to me as she is a non-taxpayer and I am a basic taxpayer. However, this year she will start to receive her new state pension ...