General citizens who still want to save income tax for FY 2024-25 can still do so under Section 80C in the old tax regime by investing in five year term fixed deposits (FD). General citizens (under 60 ...

“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is ...

Learn how online casino winnings are taxed in India. Understand TDS, GST, foreign winnings, and how to file taxes under the ...

The current progressive personal income tax (PIT) list has seven brackets, with rates from 5 percent to 35 percent. Experts ...

By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...

That April 15 tax deadline is coming fast. We’ve got a few tips on what's available for anyone filing an individual income ...

No matter how anxiety-inducing the process may be, the April 15 deadline for filing federal tax returns is approaching.

Homeowners have two choices when claiming deductions to reduce their taxable income: the standard or itemized deduction. But ...

Ahmedabad: The income-tax department has sent messages to thousands of taxpayers who had claimed deductions for donations to ...

Whether you’re a retiree who has shifted to part-time consulting, a career-driven twenty-something who has started a new side ...

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

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 ...