How does the mortgage interest tax deduction work? Experts explain
"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...
No tax on tips? Tax deduction for gambling losses? NC lawmakers return with new ideas
Rep. Erin Paré, a Holly Springs Republican who was recently appointed a chair of the House Appropriations Committee, filed ...
Which projects qualify for home equity loan tax deductions?
Projects that increase your home's value are typically eligible for a tax exclusion — but most repairs are not.
Used donation to a political party for income tax deduction? IT dept is sending warning SMS; if it was a mistake file ITR-U by March 31, 2025
The Income Tax Dept is sending SMS to taxpayers who donated to political parties and had claimed section 80GGC deduction.
Tax Deductions for Homeowners: 8 Breaks You Get for Owning Your Own Home
The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 of your loan/debt if you’re single or married filing jointly, or $375,000 if ...
Tax credits and deductions: What you need to know for 2024 tax filing
The IRS has made its annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and the ...
udget 2025: Affordable housing segment hopes government will hike tax deduction limits, house value cap
Analysts believe the 2025 Union Budget could introduce enhancements to PMAY-HFA to ensure affordable urban housing ...
4 Tax Deductions for Entrepreneurs That Could Save You Thousands in 2025
Taxes can be a killer for entrepreneurs. Fortunately, deductions are a great way to reduce tax liability. But how do you know ...
8 WFH Tax Deductions Remote Workers Are Entitled to in 2025
Don't enter 2025 paying more tax than you need to. Check if you're eligible for these remote worker tax deductions.
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House panel defeats Youngkin's proposal for tax deduction on tips
A proposed tax deduction for tipped income died in a House of Delegates subcommittee on Monday, as Democrats dealt the first ...
Essential Tax Deductions For Small Business Owners
You can significantly reduce your taxable income and improve your financial health by leveraging commonly overlooked deductions.
Received a message about Section 80GGC deduction from the Income tax department? Here's what to do
Section 80GGC allows taxpayers to claim deductions for contributions made to eligible political parties and electoral trusts. This deduction aims to encourage political funding.