Tax-deductions
Latest
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What Is the Bonus 'Guaranteed' Standard Deduction?
Legislation A proposed Republican tax cut package contains a 'bonus' of up to $4,000 for the current standard deduction. Could it help?
By Kelley R. Taylor Published
Legislation -
EV Tax Credit 2023: What's Changed and What's Ahead
Tax Breaks Federal EV tax credit rules continue to change for 2023 causing confusion for buyers and manufacturers.
By Kelley R. Taylor Last updated
Tax Breaks -
15 Believe It or Not Tax Breaks
Tax Breaks Your fellow taxpayers have successfully claimed write-offs for many things that most of us wouldn't even imagine.
By Joy Taylor Last updated
Tax Breaks -
Will Hyundai or Kia EVs Qualify for the Electric Vehicle Tax Credit?
The electric vehicle tax credit has spurred concern that Kia and Hyundai EVs won’t qualify—without some flexibility.
By Kelley R. Taylor Published
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Student Loans and Taxes: Some Basics to Know
taxes Payments for student loans are on pause and student loan cancellation is being decided by the Supreme Court—but there are other things to know about student loans and taxes.
By Kelley R. Taylor Published
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Abortion and Taxes: What Happens Now Without Roe v. Wade?
Women & Money See how abortion-related medical expense deductions, HSA and FSA payments, employer-provided travel, and charitable contributions will be handled now that Roe v. Wade has been overturned.
By Rocky Mengle Published
Women & Money -
IRS Increases Mileage Rates Because of High Gas Prices
Tax Breaks The higher mileage rates, which are used to calculate certain tax deductions for business and other uses of a car, took effect on July 1.
By Rocky Mengle Published
Tax Breaks -
No Tax for Donating Leave to Ukraine Victims
Tax Breaks Vacation, sick, or personal leave donated to help victims of the Russian invasion of Ukraine won't be treated as taxable income.
By Rocky Mengle Published
Tax Breaks -
New Mexico Wildfire and Wind Victims Get More Time to Pay Taxes
Tax Breaks Certain tax filing and payment deadlines are extended for residents and businesses impacted by the recent wildfires and straight-line winds in New Mexico.
By Rocky Mengle Published
Tax Breaks