Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take ...

The Income Tax Bill, 2025, tabled in Parliament, reorganises deductions previously under Section 80C into specific clauses.

The new Income Tax Bill, tabled today in the Lok Sabha, retains all the deductions and exemptions but under new section ...

The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...

In most cases, personal loan interest is not tax deductible. This is because you can't deduct personal expenses on your ...

While personal loans don’t explicitly offer tax benefits, you can claim deductions if the loan is used for home purchase, ...

These tax deductions can help reduce a business ... Instead, the business owner reports the business’ income on their personal tax return. In addition to filling out a typical 1040 personal ...

A tax deduction lowers your taxable income, meaning you’ll ultimately ... GoFundMe has two types of fundraising campaigns: personal and charity. Usually, only donations to charitable fundraisers ...

The tax bill and the proposed taxpayer’s charter when implemented in the spirit of justice and transparency will surely usher ...

By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...