It is possible to legally trim your tax bill even when you have $0 in receipts on hand. Several major deductions and credits ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

Seniors living on a fixed income face unique financial challenges, but the underlying theme is their desire to maximize retirement savings. Some costs are unavoidable as you age, but the good news is ...

There's a very specific kind of magic that happens when you're doing your taxes and the number in red suddenly flips to green. You know the one I mean. One second, the screen is telling you that you ...

When it comes to taxes, high-net-worth individuals and business owners have access to some creative ways to legally deduct luxury expenses. But taxpayers shouldn’t try to write off that trip to Mexico ...

Unlike a full-time employee whose taxes are deducted from their paycheck, if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 tax deductions as you ...

With major provisions of President Trump’s Tax Cuts and Jobs Act of 2017 set to expire this year, there’s increased attention to how much it would cost to extend key portions of the act and how the ...