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

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.

News and in-depth features about tax, accounting, auditing, and other business topics. Published by the American Institute of CPAs ...

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

The IRS has announced inflation adjustments for 2025, bringing positive changes to tax credits and deductions. These ...

Your pre-tax IRA is subject to future income taxes, depending on your bracket. But it could offer planning opportunities, ...

With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.

Your aging-in-place plan could benefit from the medical expense tax deduction. But watch out for capital gains and property ...

Form 13 is a facility that enables a salaried person or an individual taxpayer to avoid excess TDS deduction, and the ...

The cap is $10,000 for single filers and married couples filing jointly, or $5,000 for married individuals filing separately. This deduction is available for property taxes paid on a primary or ...

Additionally, seven individuals, including a police constable ... Upon interrogation, Zameer admitted to the deduction. The deducted Rs1,000 was returned to the complainant, and a case was ...

This deduction applies to both self-employed individuals and employees who meet the IRS criteria. Jury duty pay turned over to your employer If you served on a jury and your employer continued to ...