Everyone can take the standard deduction, which would be worth $16,000 for individuals and $32,000 for married couples this ...

The charitable donation tax deduction lets you write off qualified gifts to nonprofit organizations, but there are rules to ...

All new car and truck buyers who take out a car loan won't qualify for the tax deduction. Much will depend on your income, ...

In this episode of Tax Notes Talk, Tax Notes Capitol Hill reporters Cady Stanton and Katie Lobosco discuss the final version of the House’s reconciliation bill and what’s next as the legislation heads ...

Sole proprietors registered for HST can claim input tax credits on business expenses to generate an HST tax refund. Mohammed ...

On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”). The BBB makes permanent, extends and, in ...

U.S. President Donald Trump's signature tax break on tips promises relatively few upsides for low-income Americans, who face ...

Amid tight fiscal space for public spending, the government has tripled the number of projects included in the list of ...

Hence, for example, Income of a non-resident from operation of ships is taxable @ 7.5 percent of the gross receipts under ...

The Senate Standing Committee on Finance and Revenue, chaired by Senator Saleem Mandviwalla, has approved the Income Tax (Second Amendment) Bill 2025.The Committee focused on the withdrawal of tax ...

A tax shield is a reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations ...