Can You Deduct Your Expenses From a Hobby?
The itemized deduction for hobby expenses is completely eliminated under the Tax Cuts and Jobs Act.
How to Pay Zero Taxes
You've probably heard about the famed 44% of Americans who pay no income taxes at all. How do you join this club? There are several ways.
Above-the-Line Deductions You Can Take Without Itemizing
There are many personal tax deductions you can take only if you itemize your deductions. This requires you to list the amount of each deduction on IRS Schedule A and file it with your tax return.
New Rules for Alimony Under the Tax Cuts and Jobs Act
Alimony payments are no longer deductible for people who get divorced in 2019 and later.
Miscellaneous Itemized Deductions: No Longer Deductible
When many people think of itemized deductions, they only consider the big three: the deductions for home mortgage interest, state and local income and property taxes, and charitable contributio
The Tax Cuts and Jobs Act changes the rules about deducting certain subscriptions.
The Earned Income Tax Credit: A Valuable Credit for Low Income Earners
The Earned Income Tax Credit (EITC) is money the federal government provides to low income working people to help them make ends meet.