Projects that increase your home's value are typically eligible for a tax exclusion — but most repairs are not.

Bonus depreciation was raised to 100 percent in 2017’s Tax Cuts and Jobs Act and was scheduled to fall by 20 percent a year ...

The IRS has made its annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and the ...

Wealthy taxpayers could get a break if Congress and Trump agree to raise the limit on federal deductions based on your local tax payments.

Small or retail investors often invest in bonds to earn predictable returns. TDS affects them by interrupting cash flow and ...

Taxes can be a killer for entrepreneurs. Fortunately, deductions are a great way to reduce tax liability. But how do you know ...

A proposed tax deduction for tipped income died in a House of Delegates subcommittee on Monday, as Democrats dealt the first ...

Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer.

Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2025 on February 1 at 11 am in the Lok Sabha.

You can significantly reduce your taxable income and improve your financial health by leveraging commonly overlooked deductions.

CPAs need to be aware of current tax developments impacting all state and local tax jurisdictions in order to properly advise ...

In India, the rising cost of healthcare makes health insurance essential for financial protection against unforeseen medical ...