In general, self-employed people can deduct 100% of their health insurance premiums as adjustments to their gross income, ...

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

Rent income is an assessable head of income under the head 'Income from House Property' of the Income Tax Act, 1961, and ...

Earning just over $10K can eliminate IRA deductions for married couples filing separately, reducing key tax benefits and ...

While overall interest rate has started coming down, but there are still some banks who are offering a high interest rate on ...

"Generally, a standard deduction is the best choice for taxpayers whose total itemized deductions do not add up to more than ...

Tax relief is an avenue to explore if you owe more money in taxes than you can reasonably shoulder. One good way to reduce ...

Assessed value and property taxes are still on the rise in response to increasing sale prices in Johnson County.

The Kano State Pension Board has so far cleared over N21 billion in pension liabilities out of a total debt of N48.6 billion ...

Are medical expenses tax deductible? Learn what qualifies, how the 7.5% AGI rule works and who can benefit from this IRS deduction.

Maximum annual credit amounts: The maximum annual credit is generally capped at $1,200 for building envelope improvements, ...