Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

With the tax year-end approaching, discover expert strategies to optimise your retirement savings while maximising available tax benefits.

Since NPS annuity income is not directly covered by any particular article in the India-Portugal DTAA, it falls under Article ...

In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

If you're a salaried employee, you could be saving up to Rs 96,000 in tax annually, all thanks to the NPS and standard ...

Salaried individuals can achieve zero tax on annual income up to ₹13.7 lakh through standard deductions and investments in ...

Parents or guardians contributing to NPS Vatsalya scheme can avail up to ₹50,000 tax deduction, the Union Budget 2025-26 ...

Finance Minister Nirmala Sitharaman announced that NPS Vatsalaya subscribers would receive the same tax benefits under Section 80CCD(1B) as regular NPS subscribers. NPS Vatsalya is a pension scheme ...

The Internal Revenue Service officially kicked off the 2025 tax filing season, and they expect over 140 million returns by ...

Here is a list of our partners and here's how we make money. Deductions, also sometimes called tax write-offs, are eligible expenses that you can deduct on your return to lower the amount of ...

Banking app Chime* has also launched a free in-app tax filing program that allows users to itemize deductions and file state and federal returns. According to Chime, members who file through the ...