If you choose to itemize deductions, you'll have the option of deducting the state and local sales tax you paid, or you can ...

Historically, you could deduct some financial advisor and tax preparation fees. Under the current tax code, that is no longer ...

Republicans in Congress are in the beginning stages of negotiating a package that will extend Trump’s 2017 tax cuts — ...

Finance Minister Nirmala Sitharaman’s Budget 2024 modified income tax slabs, favoring the new tax regime. The old regime, ...

The IRS in October announced the federal income tax brackets for 2025, which raised each income threshold by roughly 2.8%.

Tax breaks were a big issue on the campaign trail, and Congress will be focusing on ways to cut taxes and prevent tax ...

Tax time is stressful for everyone, but there may be some good news for seniors receiving medical care in their homes, assisted living communities or skilled nursing settings. Not every expense is tax ...

T Act, parents can claim deductions of interest paid on education loans. There is no upper limit on the amount of interest, ...

Depending on how much you spend on dental care during the year, you might be able to deduct a portion of your dental care ...

Amid higher borrowing cost and sticky inflation, the cost pressure is expected to mount further amid supply chain ...

The 2020 tax deferment policy for ESOPs aims to address immediate tax liabilities and financial strain on startups. Despite ...