Tax credits for homeowners don't require you to itemize. They directly reduce the amount of taxes you owe, and you can ...

The president has vowed to eliminate tax loopholes used by sports team owners, many of whom donate to GOP causes.

When people donate their vehicle to public radio, they’re able to deduct the amount it sells for from their taxes. There is ...

Youngkin’s proposal to phase out the car tax, long criticized as one of the most unpopular levies in Virginia, was outright rejected by the subcommittee. The push to extend the state’s higher standard ...

What else you can do: Deduct your “actual car expenses” instead ... What else you can do: Charitable donations may be deductible on your personal income tax return. 15. The qualified business ...

Your prior year return will give you a good starting point for figuring out what documents you need to have handy to fill out ...

At present, the standard deduction is Rs. 75,000 under the new regime and Rs. 50,000 under the old regime. Keeping in mind that the Government has proposed to revamp the tax laws and is in the process ...

The secret is in leveraging both tax deductions and tax credits. Before you start your tax return, let’s clarify the differences between a tax credit and a tax deduction and how both work to ...

The Union Budget 2024-25 is just around the corner, and as Finance Minister Nirmala Sitharaman prepares to unveil the roadmap for India’s economy, taxpayers are keenly awaiting any announcement on the ...

Healey said people have had the benefit of a federal tax deduction and only in 2023 did residents in Massachusetts have the ability to claim a state charitable donation credit. “We’re not ...

(The Center Square) – Democratic lawmakers are blasting Republicans for considering cuts to some federal programs in order to finance President Donald Trump’s campaign promises, such as renewing the ...