The older tax regime offers considerable flexibility for taxpayers by enabling them to leverage available claims of ...

Republicans in both chambers of Congress have passed plans to extend the 2017 Trump tax cuts, which continue to face fierce criticism for favoring the wealthy.

Many tax deductions, such as charitable donations and business supplies, are well known, but some are more obscure. With tax season upon us, here's a look at how tax deductions work and ...

Not all tax-saving allowances are created equal. Some more than others can provide substantial tax benefits, significantly ...

Retirement doesn't exempt you from taxes, but the IRS offers a higher standard deduction for those over 65. Learn how to ...

Certain homeownership, business and healthcare deductions could significantly lower your tax bill. Here's how.

A basic understanding of income tax slabs and how they change with every Union Budget can help you plan your finances better.

The filing of income tax return (ITR) is compulsory for those individuals whose annual income is above the basic exemption ...

Why tax-free limit is higher for salaried-class individuals This is because a standard deduction of Rs 75,000 under Section 87A is available only to salaried-class individuals. First, the Rs 75,00,000 ...

As tax season, a time most Americans dread, starts inching closer to the finish line, better known as the tax deadline, ...

I recommend that you do not be lazy and go through the effort of compiling your itemized deductions. Your efforts may be greatly rewarded!

South Carolina might do away with a progressive income tax system altogether, replacing it with a regressive flat tax. Here's ...