IRS enforcement priorities shift toward questionable write-offs, putting small business owners and self-employed taxpayers on ...

With inflation steady at 2.9%, tax brackets are predicted to increase slightly. Combined with the new tax law, your tax ...

Ohio lawmakers introduce the Tithing Protection Act, allowing state income tax deductions for church donations.

If your income is well below that threshold — say $36,700 combined for you and your partner — you could sell assets and lock ...

Understanding tax terms is crucial as the deadline approaches. Tax rebates provide relief for incomes up to ₹7.75 lakh, ...

A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be ...

In fact, if you’re over a certain age, filing jointly with your partner, and meet the right conditions, you could earn as ...

Think the new tax regime killed all deductions? Think again. From ₹50,000 standard deduction to NPS and health insurance benefits, 10 ways to still save tax in AY 2025–26.

When filing an Income Tax Return (ITR), taxpayers are generally perplexed among exemptions, deductions, and rebates. Though all three reduce your tax outgo, they operate distinctively under the Income ...

Most popular tax breaks fail to deliver real benefits, often benefiting special interests and wasting revenue, argues Veronique de Rugy. New research reveals which tax incentives actually work – and ...

BHP and Treasury’s former head of corporate tax are the latest to warn against the Productivity Commission’s corporate cash flow tax proposal.