The OBBBA boosts tax breaks for seniors with higher deductions, but experts warn it could strain Social Security and deepen the national debt over time.

Rule 4 deductions apply to the win and place parts of an each-way bet if they concern the horse that went on to win. A 30p ...

The ITAT Rajkot recently deliberated on whether a co-operative society could be denied an 80P deduction for a belatedly filed income tax return. This case examines the scope of adjustments under ...

ITAT Mumbai addresses a cooperative housing society's appeal, examining the disallowance of Section 80P deductions by CPC and clarifying the scope of permissible adjustments under Section 143(1)(a) of ...

Trump promised to eliminate the tax on Social Security benefits in his 2024 campaign, but the bill instead adds a new ...

GoFundMe launched a new platform for charitable giving called Giving Funds, which lets you create your own donor-advised fund ...

A new $6,000 tax break for Americans aged 65-plus could offer relief, but some may see little benefit. Here’s who will ...

Progressive is under pressure after an Ohio court let a class action move forward over how it prices total-loss vehicle ...

A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or ...

The massive tax law includes a hefty new tax break for people aged 65 or older: A new deduction worth up to $6,000, or $12,000 if married. But there are income limits.

Under the bill, the SALT cap temporarily increases to $40,000 per year, so long as your annual income does not exceed ...

President Donald Trump's tax and spending bill revives and expands homeowner tax breaks — while making the current mortgage ...