Section 80C of the Income Tax Act allows taxpayers to avail deductions of Rs 1.5 lakh during a financial year. Though the ...

The Delhi ITAT deleted a disallowance of Rs.1.22 crore, ruling that charges paid to the Stock Exchange for margin shortfall are regulatory fees, not penalties for offenses prohibited by law. Following ...

Trump Cuts Millions After California Ignores English Rule As inflation rises, Trump is making the same mistake that sunk ...

Taxpayers can act now to make the most of an increase in state and local tax deductions when they file 2025 taxes in the ...

Charitable tax deductions are about to see the biggest changes in nearly a decade in 2026 thanks to President Donald Trump ’s ...

Most states don’t tax Social Security, but rules vary in the 9 that do. Get up-to-date exemptions, thresholds and new ...

The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, is the most sweeping federal tax legislation since the ...

How to support grandkids now—smartly—with 529s, tuition payments, and Illinois/Missouri tax breaks while protecting your ...

Owning a home comes with plenty of expenses, but the tax code offers some relief if you know where to look. Most... The post ...

Long Island accountants explain how the One Big Beautiful Bill Act extends 2017 tax cuts, reinstates 100% bonus depreciation, and alters business deductions.

Under the Tax Cuts and Jobs Act (TCJA), businesses, including manufacturers, have been required since 2022 to amortize ...

The IRS raised 2026 tax brackets and deductions, giving retirees more room to keep their income tax-free. Here's how to make ...