Most Americans know that charitable contributions, retirement contributions, student loans and mortgage interest are not taxable. What about your pets, swimming pool, private jet or cosmetic surgery? USAToday reported on the unusual deductions taxpayers have requested and received from the IRS.…

Millions of U.S. taxpayers may feel a shock when they file their 2022 returns. Many deductions and pandemic benefits have expired, and people are in for some nasty tax surprises, according to the CBC. This means that families may receive less reimbursement…

Does the state's refund of overpaid taxes count as income for federal tax purposes, according to NJ. Do I have to pay federal taxes on the amount that the state returned to you as an overpayment? The IRS has a so-called tax credit rule. This rule states that if...