Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...

One of my clients recently asked, after Budget 2025, whether Rental Income up to Rs.20 lakh is tax-free. The answer is YES ...

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

As an accountant, one of your primary roles is ensuring your landlord clients are maximising their tax relief by claiming all ...

Owning a rental property is a good investment as this can help provide you with a stable income. Create a steady cash flow in ...

Renting offers flexibility, lower costs, and tax benefits. Buying builds an asset with home loan tax benefits but has high initial costs and long-term commitment ...

So are these HOA fees deductible on taxes? It depends. If you buy a property as your primary ... Can I write off HOA fees on a rental property? If you own a rental property and lease it to a tenant, ...

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

Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the ...

What you can deduct: A portion of your mortgage or rent; property taxes; the cost of utilities, repairs and maintenance; and similar expenses. Generally, this deduction is only available to self ...