You can significantly reduce your taxable income and improve your financial health by leveraging commonly overlooked ...

If you're someone who itemizes deductions on your tax return, donating a car to charity could boost your tax savings. Many charities sell donated vehicles for cash to support their cause.

The Child Tax Credit for 2024 is a tax benefit that provides financial relief to families with qualifying dependent children.

Extreme Media / Getty Images If you use your personal vehicle for business, charitable, or medical purposes, you may be eligible for a tax deduction based on the standard mileage rate. This rate ...

Handing out business cards during a family vacation does not make your trip tax deductible. 8. Vehicle Use Deduction Your expenses are tax deductible when you use your car for business.

Bonus depreciation was raised to 100 percent in 2017’s Tax Cuts and Jobs Act and was scheduled to fall by 20 percent a year ...

Claiming a tax deduction for mileage can be a good way ... Instead, mileage can be claimed on line 9 for car and truck expenses. Alternatively, people can claim their actual vehicle expenses ...

Not sure where to start? Here are 10 small business tax deductions you don't want to miss. If you use your car for business purposes, you might be able to deduct car-related expenses such as ...

The push towards a greener future and comparatively lower cost of running and maintenance has led to a surge in the usage of ...