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IRAs and similar tax-advantaged retirement plans allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for making a 2017 contribution

Depending on several factors you might be able to claim them. Factors include your parent’s income and how much financial support you provided. If you qualify for the

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind this list isn’t all-inclusive, so there

When appreciated business assets (such as real estate) are sold, normally tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031

Home ownership is a big part of the American dream for many people, and the U.S. tax code includes several tax breaks to help support this dream. If

If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty” losses on your 2017 federal income tax return.

Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide your business with a valuable current tax deduction — as long as the so-called repairs

Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, you need to be sure you know how much you’re allowed to deduct.

When it comes to income tax returns, April 15 (actually April 17 this year, because of a weekend and a Washington, D.C., holiday) isn’t the only deadline taxpayers

Individuals can deduct some vehicle-related expenses in certain circumstances. Rather than keeping track of the actual costs, a standard mileage rate can be used to compute your deductions.

If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return. You’ll also want

If you moved for work-related reasons in 2017, you might be able to deduct some of the moving costs on your 2017 return — even if you don’t