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 ...

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

If the immovable property is partly financed by Bank/Lender, the TDS will be required to be deducted by the transferee on the ...

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

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

Often federal tax returns are denied because of errors made by the taxpayer. These errors are often easily fixed if ...

we have to itemize and file Schedule A of Form 1040 to prove we have tax deductions amounting to over $29,200, which is the standard deduction for taxpayers who are married filing jointly. More on ...

This article explains the concept of a Lower Deduction Certificate, its legal basis, eligibility, and the detailed procedure ...

you can use the itemized deduction method using Schedule A on Form 1040. What Is a Standard Tax Deduction? When you file your taxes, you’re eligible to subtract a certain amount of money from ...

Donations made to the Shri Ram Janmabhoomi Teerth Kshetra Trust qualify for tax deductions under Section 80G of the Income ...

Depending on what you've spent, claiming your medical expenses can get you a bigger refund. We walk you through everything ...