Hawaii taxpayers have a new way to see how much state income tax relief they should receive through 2031 under historic ...

Since we withdrew money from our 401 (k), we expect to owe the IRS money this year. However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks ...

Are you self-employed or a small business owner? Learn more about the QBI deduction, which could lower your tax burden if you ...

Self-employed Uber and Lyft drivers can maximize tax deductions by tracking vehicle expenses, tolls, phone usage, and service ...

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

Some might be. In general, most closing costs are not tax-deductible. This is because the IRS regards them as part of the ...

The Tuition and Fees Deduction was phased out, but there are two main credits still available. Learn more about college ...

Income tax rules require taxpayers to submit advance tax if their overall tax liability for the financial year exceeds Rs ...

In the next column, you have to enter deductions/ exemptions given under the old or new tax regime. Finally, the tax calculator will compute the income tax under both the regimes. And thereby ...

Here are some key tax moves seniors should make before the April 15 tax filing deadline: ...

Gross income includes all your earnings before deductions, while taxable income is the amount used to calculate your income tax liability after deductions and exemptions. Is there any rebate under ...