Tax deductions

Many of the income thresholds governing certain tax credits and deductions don't keep pace with inflation. The result: things are even more expensive.

Despite what the wealth management industry suggests, some investors benefit more from the popular strategy than others.

Stock market woes are depressing earnings for advisors who charge on client assets, but the pass-through benefit and a health insurance deduction can alleviate a lot of the pain.

The strategy is widely promoted, but it can leave some investors worse off.

Investors in digital assets have been pummeled recently by the longest losing streak since 2011, but if they act promptly, they can cut their tax bills.

Advocates say they'll continue pushing for the write-off, but it is not widely popular.

The pandemic-related tax provision permits more people to deduct donations to qualifying charities on their 2021 federal income tax return.

Well-off professionals in costly areas of the U.S. are set to get a windfall from competing plans to change the deduction limit for state and local taxes.

The service released its annual inflation adjustments Wednesday, including the standard deduction amount for individual and married taxpayers.

That Rothko, Basquiat or Banksy hanging in the front hall may be a great way to get a tax break.