Whether you have access to a workplace retirement account or not, everyone with earned income can contribute to their own IRA. However, depending on your income, work situation and the type of IRA ...

Each year when it’s time to file your federal income tax return, you must make an important decision: Claim the standard deduction or itemize. You can’t do both—you have to pick just one. Fortunately, ...

Many of the tax deductions Americans were able to take advantage of during the height of the pandemic in 2020 and 2021 have now expired for 2022 tax returns, such as the Expanded Child Tax Credit or ...

Discover what medical expenses are deductible, including examples like insurance premiums and prescriptions, and learn how ...

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how ...

Gas prices at the pump took one crazy trip in 2022 – and it's going to add another layer of complexity for those who claim mileage deductions on their 2022 tax returns. What exactly is the standard ...

Tax planning is a major part of owning and running a successful business. The meals and entertainment tax deductions have been a valuable way for many small-business owners to reduce their tax ...