Owner-operators' standard per-diem deduction got a boost for the 2025 tax year, while options for depreciating equipment have ...

The proposal is estimated to save $50 billion in spending over 10 years. Kate is a CPA with experience in audit and ...

CNBC Select explains how to file a travel insurance claim and get reimbursed if your trip is canceled or you face another ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

The maximum deduction you can ... cost of airfare for a round trip from the airport closest to your residence to the nearest designated city. In case the Canada Revenue Agency (CRA) asks for proof of ...

You don't buy a house for the tax deductions. It's just a nice side benefit. And usually very much appreciated, considering all the extra expenses associated with homeownership. Here are eight tax ...

Experts are advocating for the inclusion of HRA, enhancements to Section 80C tax deductions, and a standard deduction of Rs 1 lakh in Budget 2025. The Union Budget 2020 introduced the New Tax ...

11. Business travel and meals deduction Whether it's for a flight across the country or an overnight on the other side of the state, expenses for travel and food can be self-employment tax deductions.

Summary: A 5-year tax-saving fixed deposit (FD) allows individuals to invest a lump sum for five years and claim tax deductions of up to ₹1.5 lakh under Section 80C of the Income Tax Act. These ...

Among the various tools at your disposal, a printable invoice receipt template stands out as a simple ... for essential details like itemized costs, tax breakdowns, and payment methods, ensuring ...

An excise tax of 3.15 percent also is imposed on the gross receipts from medical cannabis firms that have been in existence for a decade. Forty percent of the state’s revenue from the legal ...

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 ...