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 ...

If you choose the old tax regime, you can claim tax deductions on medical expenses incurred during the year under Section 80D ...

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

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 ...

Far from a simple payroll tax, FICA represents a mandatory contribution to two cornerstone programs—Social Security and Medicare—that underpin long‑term financial security for millions of Americans.

For most retirees and preretirees, the fat standard deduction means skipping the hunt for juicy itemized deductions and moving on to figuring out how much tax you owe. But there are a handful of ...