Hobbies are a great way to spend the other 8 hours, but they are terrible from a tax perspective. Why? You are not allowed to deduct hobby expenses from your taxes. But is there a way to legally ...

In past years, if you itemized your deductions, you could deduct qualified medical and dental expenses to the extent they exceeded 7.5% of your adjusted gross income (AGI). However, beginning ...

Q:I've heard that there is an option on the federal income tax for choosing either a standard deduction or a sales-tax deduction. Is this true and how does it work? J.D., Vero Beach, Fla. A: There ...

Colombia's Constitutional Court has struck down part of a law that prohibited extractive companies from deducting royalties paid to the government from their taxable income, benefiting businesses ...

The Rules on Deducting Capital Losses You Can't Always Use Losses to Offset Capital Gains By Tom Herman July 26, 2014 8:04 pm ET ...