Section 80G of the Income-tax Act allows taxpayers to claim deductions for donations to specified institutions under the Old ...

The new income tax slabs will be applicable from April 1, 2025. Further, there will be no income tax on incomes up to Rs 12 ...

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

NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 ...

Learn what net income means for businesses and individuals, how it's calculated, and why it's a crucial financial metric.

Do you have altcoins or Bitcoin in your financial portfolio? Here’s everything you need to know about reporting ...

Salaried individuals have two options when filing their Income Tax Return (ITR): the old or the new tax regime. Each has its ...

Looking ahead to your 2025 taxes and wondering about standard tax deduction amounts for each filing status? Here's what's ...

The giants of private equity are preparing to fight for two little letters. Most Read from BloombergThey Built a Secret ...

The alternative minimum tax (AMT) is a separate way to calculate taxes that makes sure high-income earners pay at least a ...

If you live in a state without income tax, you can take advantage of the sales tax deduction if you opt for itemized ...

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 ...