Fact checked by Suzanne Kvilhaug Sometimes a tax deduction is just plain weird. Here is a roundup of weird and legal tax ...

Americans have a long, romantic history of deploring taxation. The Boston Tea Party was essentially an elaborate tantrum over ...

The bill will significantly expand the maximum homestead tax deduction and cap how much property tax bills go up in the future. The homestead deduction applies to the home you live in. It limits how ...

Do I get a deduction for my gift? A: The amount that you can gift-give is $18,000 annually to any person without triggering a gift tax. If you are married and your spouse is in agreement ...

If you've kept good records, you should try calculating your deduction using both methods. Then, you can choose the larger amount as your tax write-off. Remember that you can only write off insurance ...

NEW YORK — 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 ...

the Tax Reduction and Simplification Act of 1977 into law. "The story goes that when Congress debated the taxation of rental income in the 1970s and which deductions should be allowed ...

Auto lenders may need to prepare for additional documentation requirements as a new bill aims to make auto loan interest tax deductible. Sen. Bernie Moreno, R-Ohio, on April 1 introduced the United ...

All those expenses come with a silver lining, however -- tax credits and deductions for your home can lead to a bigger tax refund. For homeowners, learning as much as you can about your potential ...