Although it's not yet April, it's not too early to start thinking about filing your tax return. There are some tax deductions ...

From summer camps to smart home devices, here are four categories of expenses to consider adding to your list.

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions, and for ...

Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

Your take-home pay may have gotten a bump now that the Internal Revenue Service updated the income tax brackets and standard ...

The maximum deduction you can claim for each eligible trip is the lowest of the following three amounts: If you take a trip that begins and ends in one year and you are reimbursed the following year, ...

Individuals can claim two self-occupied properties as NIL taxable income. TDS on rent limit increased from ₹2.4 lakh to ₹6 lakh, reducing compliance for small landlords. Threshold for senior ...

There were rumours that the government might hike the amount of standard deduction available to give tax relief to the middle class. However, hopes of the middle class have been dashed. ET Online ...

No hike has been announced in the Section 80C deduction limit in Budget 2025. Deduction under Section 80C of the Income Tax Act is available under the old tax regime only. For the upcoming fiscal year ...

You don't buy a house for the tax deductions. It's just a nice side benefit. And usually very much appreciated, considering all the extra expenses associated with homeownership. Here are eight tax ...

Budget 2025: Shetty advocates for a 30% flat deduction on gross income with a ₹15 lakh ceiling on deductions. Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should look ...

Among the most anticipated measures is an increase in the standard deduction, a tax break that provides relief to salaried individuals. Experts are pushing for a higher standard deduction ...