Fact checked by Vikki Velasquez Reviewed by Lea D. Uradu It’s never fun to lose money in the stock market, but it can help ...

The problem with travel deductions is not that they are illegitimate. It is that the taxpayer fails to meet the tough ...

If you have a tax-qualified long-term-care insurance policy, you can count a portion of the premium as a tax-deductible medical expense. Medical expenses are deductible to the extent they exceed ...

You’ll have excitement enough without defending yourself in an IRS audit, so avoid deducting personal expenses such as a storage unit. The IRS says you can deduct the “ordinary and necessary ...

I’d like to contribute to a 529 college-savings plan for my 12-year-old niece for Christmas. Is my contribution tax-deductible? Your contribution isn’t tax-deductible on your federal return ...

A CSL Plasma Inc. employee failed with a proposed class lawsuit challenging its policy of deducting workers’ days missed for ...

A recent consent judgment issued by the U.S. District Court for D.C. provided a powerful reminder to corporate and labor ...