Raising the limit on state and local tax deductions significantly would save most lower- and middle-class taxpayers anywhere from nothing to a few hundred dollars, a new study ...

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for ...

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for ...

The IRS doesn't have a "conscientious objector" type of exemption, not for political or religious reasons. The government expects you to pay tax on all your income as you earn it, which means that if ...

The U.S. tax code may be notoriously complex, but understanding some basic terms can help you breeze through your tax return in no time.