“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is ...

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

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

If you're a remote worker filing your taxes, however, you might not be eligible to claim the home office deduction. The home ...

New guidance from the IRS clarifies when scam victims can deduct their losses. Investment cases are among the most clear-cut.

Rep. Brooke Green, D-Boise, and Rep. Jeff Ehlers, R-Meridian, introduced a draft bill Thursday that would expand the existing ...

Donations to the Ayodhya Ram Mandir may qualify you for an income tax deduction under the old I-T regime. Individuals who ...

Section 80G of the Income Tax Act allows individuals, companies and firms to claim tax deductions on donations made to ...

Income Tax Department issues notices to taxpayers not deducting TDS on rent over ₹50,000, leading to penalties.

That April 15 tax deadline is coming fast. We’ve got a few tips on what's available for anyone filing an individual income ...