It is important to understand that you are eligible for deduction on interest paid on your home loan under section 24(b) of the Income Tax Act . However, there are specific regulations when and ...

Below, let’s explore critical small business tax deductions, breaking them down by category to help maximize your savings. Everyday items such as pens, printer ink, and paper, as well as larger ...

With tax season officially underway, you'll need to know the standard deduction amount you can claim for 2024. After all, most taxpayers opt to take the standard deduction rather than itemizing ...

or even home construction or renovation materials from your return. Your sales tax deduction is capped at $10,000 per year, but can help reduce your taxable income. What items are eligible for ...

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 ...

The U.S. Department of Energy (DOE) has launched the free 179D Portal for estimating tax deductions for energy-efficient technologies ... the bottom line in a commercial building upgrade or new ...