Here’s a breakdown of what you can still claim under the revamped system. Deductions For salaried individuals who opt for the new tax regime, there’s a standard deduction of ₹ 75,000 ...

However, if you're a remote worker filing your taxes, you still might not be able to claim the home office deduction. The home office deduction allows eligible taxpayers to reduce their tax ...

filing status and any tax credits or deductions for which you qualify. You pay your federal income tax liability through withholding from your paycheck, estimated tax payments (usually if you’re ...

Additionally, salaried taxpayers will benefit from a Rs 75,000 standard deduction, effectively raising the tax-free threshold to Rs 12.75 lakh. The revised tax structure also introduces a 25% tax ...

The new income tax regime became the standard tax regime in Budget 2023-24. Standard Deduction: Salaried employees and pensioners can avail a standard deduction of Rs 75,000. Retirement Benefits ...

Jazz Aspen Snowmass kicks off the 2025 Labor Day Experience on Friday, Aug. 29 with Imagine Dragons. This diamond-certified ...

To achieve those savings, lawmakers want to expand the property tax deduction. Currently, the maximum homestead deduction allowed is $45,000. That is how much of your home's value isn't taxed. Under ...

payments that can be deducted from federal income taxes. Before then, the unlimited SALT deduction was an unlimited federal subsidy for high-tax, “blue model” state and local governments ...

To achieve those savings, lawmakers want to expand the property tax deduction. Currently, the maximum homestead deduction allowed is $45,000. That is how much of your home's value isn't taxed.

According to Lemay, it’s not too early to think about your taxes and make sure you don’t miss out on any deductions. “[There are] more than 400 credits and deductions that are available for us ...