As you file federal taxes, deductions and credits can help lower your tax bill — but they do so differently. Deductions reduce your taxable income by allowing you to subtract certain expenses ...

Oklahoma lawmakers are considering a 4.75% flat income tax rate and increased standard deductions, impacting taxpayers and potentially shifting revenue sources. Local financial expert Paul Hood weighs ...

College expenses can be daunting, but understanding the available tax credits and deductions can ease the financial burden.

Typically, if your income is less than the standard deduction for your filing status, filing a return isn’t required.

Trump should use executive power where he can to curtail collective bargaining in the public service, but the solution must ...

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2024.

The House Oversight and Government Reform Committee advanced several GOP-led bills along party lines, many of which would impact federal employees and unions.

Thatch provides information on health insurance options for startups, including federal and state requirements, tax benefits, and cost-effective coverage solutions.

Though many states have some sort of tax benefit for renters, not everyone renting a home or apartment qualifies.

Most of the time, you'll probably find that any given tax credit is "nonrefundable," meaning that it can only decrease your ...

As long as the total of your liabilities exceeds the value of your assets when your debt is canceled, you may claim the ...