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

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 ...

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

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

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

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

If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income.

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

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 ...

In business, every financial move impacts your bottom line. Tax relief on investments in assets is one of the most underrated ...