Page 34 - Deductions News Today

Here are some key changes that have come into effect from April 1, 2023

Tax nudges are an effective way to encourage people to save in the right way

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Who can deduct car expenses on their tax return? The answer depends on each taxpayer's circumstances. Some taxpayers who might have previously deducted car costs on their tax return may be able to do...

Driving can be more than just a part of your daily routine -- it can also give you a deduction on your tax return. If you drive as part of your business, while volunteering for a charitable...

When you file your taxes, you can claim the standard deduction or choose to itemize. But recent changes in tax law have dramatically reduced the percentage of Americans who itemize. Check Out: 6 Types...

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What do you know about tax deductions? In GOBankingRates' 2023 taxes survey polling 1,002 Americans, 30% of overall respondents said the number of deductions, or tax allowances they could claim, was...

The IRS officially started accepting tax returns on Jan. 23, which means it's time to dust off your receipts and gather your statements. Certain expenses qualify as tax deductions that can reduce your...