I. Investing for tax deduction: Investors must invest before March 31 to be able to claim tax deduction for the financial ...

According to reports, about 9,000 people donated Rs 5 lakh or more in the financial year 2020-21 and claimed tax exemption ...

A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, ...

Here’s what to know about tax season and Tax Day, a quick explainer on how tax breaks work and a list of 10 strange, creative ...

With the financial year ending soon, many rush to maximize tax-saving investments. Among the options, Tax-Saving Fixed ...

Depending on what you've spent, claiming your medical expenses can get you a bigger refund. We walk you through everything ...

The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax ... qualified business income ...

The amount you can deduct depends on whether the project impacts the entire home or just the office. Home office improvements, however, are not tax deductible as they are classified similarly to ...

Among the various tax-saving options available, a Tax-Saving Fixed Deposit (FD) stands out as a viable choice for last-minute tax saving. Tax saving is only available in the old tax regime and not ...