Borrowers who continued paying their student loans during a difficult repayment year could be entitled to a meaningful tax benefit that lowers their federal taxable income, even as ...

Millions of federal student loan borrowers are behind on their student loans and facing a "default cliff." If you have been paying back your loans, there's one additional benefit beyond keeping ...

The “One, Big, Beautiful Bill Act” (OBBBA), signed into law by President Trump in July 2025, introduced four generous tax deductions for millions of Americans: qualified tips, overtime compensation, ...

Here's what to know about a tax credit vs. deduction, including how each works and how they can reduce your tax bill and improve your tax refund amount.

Contractors often maintain both a stand‑alone office and a home office for scheduling, estimating, bookkeeping, and client meetings. The IRS allows ...

If you took out an educational loan for yourself, your spouse or your dependent, you may be able to deduct the interest you paid on your taxes. The amount you can deduct depends on your modified ...