Tax Breaks
Latest
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Gov. Hochul Vows to Deliver $1 Billion in Tax Relief to New Yorkers
State Tax The proposed tax cuts would benefit New York middle-class families.
By Gabriella Cruz-Martínez Published
State Tax -
The Standard Deduction: What You Need to Know for 2024 and 2025
Tax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
By Kelley R. Taylor Last updated
Tax Breaks -
The Nine States With No Income Tax in 2025
State Tax Your hard-earned money is safe from state income tax if you live in one of these states but watch out for other state and local taxes.
By Gabriella Cruz-Martínez Last updated
State Tax -
The American Opportunity Tax Credit (AOTC): How Much Is It Worth?
Tax Credits This tax break can help you offset $2,500 in qualifying expenses tied to your higher education. Here's what you need to know.
By Gabriella Cruz-Martínez Last updated
Tax Credits -
Most-Overlooked Tax Breaks for Retirees and People Over 65
Tax Breaks If you're over 65, don't miss out on these overlooked tax breaks for retirees.
By Kevin McCormally Last updated
Tax Breaks -
NYC Congestion Pricing: 'Ghost Tax' or Necessary Fee?
State Tax Despite legal hurdles, drivers headed to Manhattan’s downtown district face a new toll as of January 5th.
By Gabriella Cruz-Martínez Last updated
State Tax -
The Extra Standard Deduction for People Age 65 and Older
Tax Deductions The extra standard deduction can help older adults reduce their taxable income.
By Kelley R. Taylor Last updated
Tax Deductions -
New Law Delivers Tax Breaks to Natural Disaster Victims, But Is It Enough?
Tax Relief The legislation provides critical tax relief to thousands of natural disaster victims across the country.
By Gabriella Cruz-Martínez Last updated
Tax Relief -
Does Your State Have a Child and Dependent Care Tax Credit?
Child and Dependent Care Tax Credit Over two dozen states, plus the District of Columbia offer tax credits or deductions for working families.
By Gabriella Cruz-Martínez Published
Child and Dependent Care Tax Credit