The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the chances that your return will be audited.

The IRS properly sought $380,000 in deficiencies and penalties from a couple who failed to prove they were entitled to a $2.1 million loss deduction related to their Indiana businesses, the US Tax ...

Millions of Americans opt to claim Social Security benefits while still working, hoping to supplement their income. However, an often-overlooked rule—the earnings test—could significantly reduce their ...

Many Americans may think that because they work from home, they can take tax deductions for a portion of their rent, utilities and more. Not so fast. Not everyone qualifies to do that. Wage ...

When you’re a small business owner, it can seem like there are a million different things vying for your attention. And if you have employees, payroll is one of them. As a business owner, I know how ...

Martin Lewis has warned workers over a mistake which will see them "give away" their salary boost to their employers. The BBC Sounds star has sounded the alarm to pension savers after his hour-long ...

Martin Lewis has warned workers over a mistake which will see them "give away" their salary boost to their employers. The BBC Sounds star has sounded the alarm to pension savers after his hour ...

This compares with £1.6billion in overpayments due to mistakes from claimants and a further £0.8billion going out due to other errors. Meanwhile, some £20billion in benefits reportedly goes ...

Our opinions are our own. Here is a list of our partners and here's how we make money. Deductions, also sometimes called tax write-offs, are eligible expenses that you can deduct on your return to ...

Will Budget 2025 hike standard deduction limit for salaried, pensioner? ET Wealth Online spoke to some experts on whether any increase is expected in Standard Deduction in Budget 2025. Here are their ...

Standard Deduction for Salaried Individuals Salaried individuals can claim a standard deduction of Rs 50,000, which is directly subtracted from the gross salary. 11. Section 87A: Tax Rebate ...