With tax season here, understanding whether to itemize deductions or take the standard deduction can help you maximize ...

The number of civil servants taking new personal loans has reportedly increased by 10 per cent to around 70,000 individuals, ...

The potential cap, which would limit how much philanthropic donors can deduct from their state taxes, adds to a climate of ...

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

The Tax Cuts and Jobs Act, or TCJA, Trump’s sweeping overhaul of the tax code, is expiring at the end of this year. Here’s ...

The AMT primarily affects individuals with high incomes, large capital gains or certain tax-preference items, such as incentive stock options or state and local tax deductions. While fewer ...

The New Tax Regime is known for its simplified form of tax calculation. Its appeal lies in its straightforward approach, ...

The Tax Cuts and Jobs Act (TCJA), a massive overhaul of the tax code, is set to expire at the end of 2025. Here’s what could happen.

PPF and SCSS are prime options for risk-averse taxpayers searching for safe investment solutions under Section 80C of the ...

When my wife pointed out that our combined income would affect our Roth IRA contributions, I realized I needed to learn more ...

Proposed new tax regime will be implemented from April 1, 2025, where income up to Rs 12,75,000 is tax-free for ...