Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.

There are certain situations where personal loan interest is tax deductible, like if the loan funds went toward certain business or education expenses. Finding personal loans with lower interest rates ...

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...

Banking app Chime* has also launched a free in-app tax filing program that allows users to itemize deductions and file state and federal returns. According to Chime, members who file through the ...

Section 80-IA grants deductions on profits earned from certain business activities. Its purpose is to incentivize investment in infrastructure and specific industries by providing tax benefits.

Historically, long-term investments and critical insurance have merited tax deductions. In the last five years after deductions were decoupled from income tax, the trends indicate a decline in life ...

Your payday could get a bump this year now that the Internal Revenue Service's updated income tax brackets and higher standard deductions have taken effect. Depending on your income level ...

Alimony (if divorce decree is 2018 or earlier) If you are self-employed or own a small business, you may be eligible for other tax deductions including home office deductions and reimbursement for ...

Though the major tax relief is likely to be announced for the new tax regime, taxpayers need to know the current deductions available under the old tax regime. Here’s a comprehensive guide to the key ...

"Getting back to the essentials in this season with business and personal expenses feels refreshing," she says. And while Laura Adams, host of the Money Girl podcast, hasn't necessarily cut ...

When calculating a taxpayer’s income from a business or property, the Income Tax Act generally permits the taxpayer to deduct reasonable current expenses incurred in the ordinary course of earning ...

TIL Creatives Budget 2025: Higher 87A tax rebate, deduction on home loan, income tax slab and more; What to expect We have asked various experts their suggestions on how the FM can give a big tax ...