Here’s a breakdown of what you can still claim under the revamped system. Deductions For salaried individuals who opt for the new tax regime, there’s a standard deduction of ₹ 75,000 ...

How is it different from tax deductions? Tax deductions are claims made to reduce taxable income from various investments and expenses incurred by a taxpayer, reducing the overall tax liability.

you will need to save receipts for proof. Here’s why. If you’re claiming any kind of tax deduction or credit, save the receipt and other back-up documents that support your claim—and hang on ...

filing status and any tax credits or deductions for which you qualify. You pay your federal income tax liability through withholding from your paycheck, estimated tax payments (usually if you’re ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

In most cases, personal loan interest is not tax deductible because you generally can't deduct personal expenses. There are certain situations where personal loan interest is tax deductible ...

More info Finance Minister Paschal Donohoe has warned there are “clear risks ahead” for Ireland’s economy despite a growth in tax receipts last month. New figures published on Thursday ...

TaxAct's Deduction Maximizer tool can suggest options for deductions based on your situation. TaxSlayer offers cloud-based tax preparation programs available from its website or mobile app.

However, borrowers can claim income tax benefits on personal loans availed for specific purposes. To claim deductions on personal ... Retain invoices, receipts and bills for all expenses related ...

We've rated and reviewed four top tax software providers — TurboTax, H&R Block, TaxSlayer, and TaxAct — comparing features, pricing and ease of use to help you find the best filing program for ...

Danni Santana has spent seven years as an editor and business journalist covering industries like sports, retail, restaurants, and now personal finance. Most recently he worked as a retail editor ...

While Democrats and corporate media outlets rail against President Donald Trump’s freeze on foreign aid, they fail to mention that Washington bureaucrats have poured billions into programs ...