A: Tax season is upon us, and that’s a critical distinction to understand. Both deductions and credits will shrink your tax bill, but in different ways. Deductions are subtracted (deducted) from your ...

President Trump has announced his administration’s efforts to create a new tax deduction for auto loan interest payments made on US-made vehicles to boost domestic manufacturing and counter ...

Get a bigger refund by knowing which work expenses you can write off, whether you're a W-2 employee or self-employed. Tiffany Wendeln Connors is a senior editor for CNET Money with a focus on ...

Typically, if your income is less than the standard deduction for your filing status, filing a return isn’t required. Even if you don’t meet the filing threshold, tax experts recommend filing ...

Typically, if your income is less than the standard deduction for your filing status, filing a return isn’t required. Even if you don’t meet the filing threshold, tax experts recommend filing a return ...

NEW YORK (AP) — The deadline to file your taxes is less than a month away, and if you’re doing them for the first time, you might be feeling added pressure. “It’s an incredibly daunting ...