Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

One important consideration: Interest deductions are allowed on up to $750,000 of home loan debt, including first and second mortgages. If you are married and file your taxes separately ...

People preparing to file taxes for the 2024 tax year may be eligible to claim a student loan tax deduction for interest payments.

With a focus on the middle class and easing compliance, Union Finance Minister Nirmala Sitharaman proposed in Budget 2025-26 ...

The president-elect told Republicans from New York, New Jersey and California to come up with a plan for increasing the state and local tax deduction — a move that would benefit their constituents.

“The most common mistake that you’ll see is that a taxpayer will go to an accountant or go to do their taxes through a ...

you could claim up to $2,500 in deductions. There isn’t a limit on how much you can deduct. Disaster relief:Americans affected by California wildfire get IRS tax relief. Here's what that means.

Tax planning done right can reduce your tax liability by up to 26%. Most people don’t know about the tax-saving opportunities they can use. A tax planner India helps you tap into these savings. The ...

The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 ...

While most of these improvements don’t come ... deduct the interest on your taxes when using the money to pay for IRS-qualifying capital improvements. You may be eligible for a yearly tax credit ...

Finally, you can make an estimation using a little math. Each quarter, add up your actual income, multiply it by four (this ...

If you’ve opted for the old income tax regime and are looking to make tax-saving investments, it’s essential first to determine the required investment amount. According to Personal Finance ...